23:11:13 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Highmark Marketing Inc
Symbol HMK
Shares Issued 55,474,428
Close 2014-11-26 C$ 0.43
Market Cap C$ 23,854,004
Recent Sedar Documents

Highmark shares begin trading on split basis

2014-11-27 16:32 ET - News Release

Mr. Marc Branson reports

HIGHMARK MARKETING ANNOUNCES THAT TRADES ARE TAKING PLACE ON THE CSE ON A SPLIT BASIS

Effective as of market open today, all Highmark Marketing Inc. trades on the Canadian Securities Exchange (CSE) are taking place on a split basis. Highmark Marketing announced on Nov. 26, 2014, its intention to complete a 4-for-1 forward stock split with a record date of Dec. 1, 2014. The CSE issued a bulletin announcing that Highmark Marketing's common shares would commence trading on a split basis at market open on Nov. 27, 2014.

As trades can take three trading days to settle, the CSE requires that Highmark Marketing commence trading its common shares on the CSE on a split basis two trading days prior to the record date. As the record date for the forward split is Dec. 1, 2014, all trades on the CSE are now taking place on a split basis.

Highmark Marketing intends to effect the forward split utilizing the push-out method whereby shareholders keep their current share certificates, and the shareholders of record as of the close of business on the record date are provided with three additional common shares of Highmark Marketing. Following the forward split, each shareholder of Highmark Marketing as of the record date of Dec. 1, 2014, will hold four common shares for every one common share held on the record date. Highmark Marketing anticipates that the additional common shares will be issued to shareholders on or about Dec. 4, 2014.

Highmark Marketing currently has 13,868,607 issued and outstanding common shares, and upon completion of the forward split will have 55,474,428 issued and outstanding common shares. The additional shares will be issued in Direct Registration System (DRS). DRS is an electronic form of share registration in book-entry form. Highmark Marketing's transfer agent will issue a DRS advice to each holder, confirming the additional shares issued and registered electronically in DRS. On the delivery date, the DRS advices will be mailed to shareholders of Highmark Marketing on the record date. All incentive stock options and warrants issued by Highmark Marketing which have not been exercised by the record date will be adjusted to take into account the forward split.

We seek Safe Harbor.

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