17:32:54 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Millstream Mines Ltd
Symbol MLM
Shares Issued 78,741,701
Close 2014-09-23 C$ 0.01
Market Cap C$ 787,417
Recent Sedar Documents

Millstream Mines to roll back shares 1:5

2014-09-30 11:09 ET - News Release

Mr. Ernest Harrison reports

MILLSTREAM CORPORATE UPDATE ON SHARE CONSOLIDATION

Millstream Mines Ltd. has made a submission to the TSX Venture Exchange in order to consolidate the shares of the company on the basis of one new share for every five shares outstanding. This will reduce the total shares of the corporation outstanding to approximately 15,748,340. The share consolidation will not affect any shareholder's percentage ownership interest in the company, except to the extent that the share consolidation would otherwise result in any shareholder owning a fractional share. No fractional shares will be issued and the shares that each shareholder is entitled to receive will be rounded down to the nearest whole common share, and the holder thereof shall have no rights associated with the fractional share.

As part of the aforementioned submission process, the company is required to post a letter of transmittal with respect to the consolidation on SEDAR. The letter of transmittal describes the process by which registered shareholders may obtain new certificates representing consolidated common shares, and all registered shareholders of the company will be required to send their certificates representing preconsolidation common shares with a properly executed letter of transmittal to Trans-Canada Transfer Inc., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name will not need to complete a letter of transmittal.

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