07:21:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Iron Creek Capital Corp
Symbol IRN
Shares Issued 53,286,239
Close 2014-04-07 C$ 0.03
Market Cap C$ 1,598,587
Recent Sedar Documents

Iron Creek share consolidation to take effect April 14

2014-04-10 07:41 ET - News Release

Mr. Timothy Beale reports

IRON CREEK OBTAINS APPROVAL FROM SHAREHOLDERS, SETS DATE FOR SHARE CONSOLIDATION, AND PROVIDES UPDATE ON $5 MILLION FINANCING

The date for the consolidation of Iron Creek Capital Corp.'s common shares on the basis of one new common share for seven old common shares has been set. Effective Monday, April 14, 2014, the common shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol IRN. The new Cusip number and ISIN are 462817206 and CA4628172062, respectively.

The share consolidation, as originally announced in a news release dated Jan. 29, 2014, was approved by shareholders at Iron Creek's special general meeting held on April 7, 2014, and was subsequently approved by the TSX Venture Exchange.

No fractional shares will be issued under the share consolidation. Instead, all fractional shares resulting from the consolidation of less than one-half will be rounded down to the nearest whole number and of one-half or greater will be rounded up to the nearest whole number.

Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary, and consequently not having shares registered in their name, will not be required to complete a letter of transmittal.

Following consolidation and subject to rounding, the company will have 7,612,320 issued and outstanding common shares. All outstanding incentive stock options and share purchase warrants will be adjusted accordingly to reflect the share consolidation.

Private placement financing -- update

Iron Creek is progressing toward closing of its proposed $5-million financing, also announced in the Jan. 29, 2014, news release. The company is pleased that, due to demand, it has increased the overall financing amount, subject to regulatory approval, to approximately $5.6-million. The consolidation of its share base was a prerequisite for completion of the financing, and closing is now planned for Thursday, April 17, 2014, subject to TSX Venture Exchange approval.

We seek Safe Harbor.

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