02:03:52 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Power Americas Minerals Corp
Symbol PAM
Shares Issued 95,216,000
Close 2017-09-22 C$ 0.025
Market Cap C$ 2,380,400
Recent Sedar Documents

Power Americas Minerals completes 1:4 share rollback

2017-09-22 16:00 ET - News Release

Mr. Jeffrey Cocks reports

POWER AMERICAS COMPLETES SHARE CONSOLIDATION

The TSX Venture Exchange has approved a share consolidation of Power Americas Minerals Corp.'s issued and outstanding common shares at a ratio of one postconsolidation share to four preconsolidation shares.

The consolidation is expected to be effective at the open of market on Wednesday, Sept. 27, 2017. The company will not change its name as part of the consolidation but will issue new share certificates under the new Cusip No. 739193209 (ISIN CA7391932091). No fractional shares will be issued in connection with the consolidation. The company's common shares will continue to trade on the TSX-V on a consolidated basis under its current symbol PAM.

Power Americas currently has 95,216,000 common shares issued and outstanding. As of the effective date and after giving effect to the consolidation, the company will have approximately 23,804,000 common shares issued and outstanding. Registered shareholders will receive a letter of transmittal from Computershare, the company's transfer agent, with information on how to exchange their preconsolidation share certificates for postconsolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the conversion ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information. The proposed share consolidation is intended to better position the company to raise the funds it requires to finance continuing business activities and advance its mineral projects.

Power Americas Minerals is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, copper and other energy metals in North America and South America.

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