04:18:26 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Intrinsic4D Inc
Symbol IFD
Shares Issued 101,899,668
Close 2018-10-05 C$ 0.01
Market Cap C$ 1,018,997
Recent Sedar Documents

Intrinsic4D to seek holder OK for rollback, name change

2018-12-14 17:25 ET - News Release

Mr. Michele Marrandino reports

INTRINSIC4D ANNOUNCES PROPOSED SHARE CONSOLIDATION, NAME CHANGE, AND AMENDMENT TO ARTICLES

Intrinsic4D Inc. intends to proceed with a consolidation of its issued and outstanding voting common shares, subject to receipt of shareholder approval at a special meeting of shareholders to be held on Jan. 8, 2019. There are currently 101,899,668 voting common shares issued and outstanding. Shareholders will receive one postconsolidation voting common share for up to 30 preconsolidation voting common shares held by them, with the final ratio to be selected by the board of directors in its sole discretion. On a postconsolidated basis, the company anticipates that there will be approximately 3,396,655 postconsolidation voting common shares of the company issued and outstanding, depending on the consolidation ratio chosen. The company's Cusip and ISIN numbers will change upon completion of the consolidation.

The board of directors of the company believes that the consolidation of shares and name change will enhance the company's ability to seek and attract additional financing and to pursue strategic transactions and other growth opportunities.

In connection with the consolidation, the company is proposing a name change to Must Capital Inc. The consolidation and name change are subject to shareholder approval at the shareholder meeting in addition to the approval of the NEX trading board of the TSX Venture Exchange. Notwithstanding shareholder approval, the board of directors may, in its sole discretion, revoke the resolutions approving the share consolidation and change of corporate name at any time prior to their implementation.

At the special meeting, the company is also proposing an amendment to its articles to: (i) delete the Class B restricted voting shares from its share capital, and (ii) revise the terms of the voting common shares issued by the company in their entirety and redesignate the class of voting common shares as the common shares of the company. There are currently no Class B restricted voting shares issued and outstanding.

The amendment to the articles is subject to shareholder approval in addition to the approval of the TSX Venture Exchange. If the amendment to the articles receives shareholder and TSX-V approval, the company proposes to consolidate the postamendment common shares on the same terms outlined above for the consolidation of the preamendment voting common shares. Notwithstanding shareholder approval, the board of directors may, in its sole discretion, revoke the resolution approving the amendment to the articles at any time prior to its implementation.

Shareholders of record on Nov. 30, 2018, are entitled to vote at the shareholder meeting and will receive management's information circular and related materials. These materials are also available under the company's profile at SEDAR.

We seek Safe Harbor.

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