21:48:34 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Totally Hip Technologies Inc
Symbol THP
Shares Issued 78,282,620
Close 2017-04-25 C$ 0.10
Market Cap C$ 7,828,262
Recent Sedar Documents

Totally Hip to restructure shares May 2

2017-04-28 20:04 ET - News Release

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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