Mr. Anthony Beruschi reports
CONSOLIDATION/ SPLIT PROCEEDING
Totally Hip Technologies Inc. is proceeding
with the previously announced restructuring of its common share capital, consolidating its
common shares on a 1-for-500 basis and immediately thereafter subdividing its common shares
on a 500-for-1 basis. The share consolidation and subdivision will occur on May 2, 2017, with
the result that effective May 2, 2017, the company's common shares will commence trading on
the TSX Venture Exchange on a postconsolidation and postsplit basis.
Holders of less than one common share following the consolidation will cease to hold common
shares in the company and will be entitled to be paid cash consideration equal to the market
value of their shares based on volume-weighted average trading price of the common shares on
the five trading days immediately preceding the consolidation date, for a period of two years.
Following the consolidation and subdivision, shareholders holding 500 or more common shares
prior to the consolidation will continue to hold one common share for each preconsolidation
common share held by such shareholder. Letters of transmittal providing for the exchange of
share certificates for a cash payment will be mailed to registered shareholders holding fewer
than 500 shares prior to the effective day. The consolidation and subdivision have been
approved by the TSX Venture Exchange.
The company's new ISIN is CA89152W2076 and its new Cusip number is 89152W 20 7.
Following the consolidation and subdivision, the company will have approximately 78,214,626
common shares issued and outstanding.
We seek Safe Harbor.
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