18:40:51 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Apple Capital Inc
Symbol ALE
Shares Issued 15,285,180
Close 2015-06-04 C$ 0.015
Market Cap C$ 229,278
Recent Sedar Documents

ORIGINAL: Apple Capital to roll back shares 1:6

2015-11-26 13:18 ET - News Release

Received by email:

File: APPLE News Release announcing proposed share consolidation.DOC

APPLE CAPITAL INC. #1470 - 701 WEST GEORGIA STREET VANCOUVER, BRITISH COLUMBIA  V7Y 1C6
APPLE ANNOUNCED PROPOSED SHARE CONSOLIDATION
November 26, 2015 - Vancouver, BC - Apple Capital Inc. (ALE - TSXV) ("Apple" or the "Company") announces that it inten
--->ds to proceed with a consolidation of its outstanding common shares (each, a "Share") on the basis of six (6) pre-cons
--->olidation Shares for one (1) post-consolidation Share (the "Consolidation").
Currently, a total of 15,258,180 Shares are issued and outstanding. Accordingly, if the Consolidation is put into effe
--->ct, a total of 2,543,030 Shares, subject to adjustments for rounding, would be issued and outstanding, assuming there 
--->are no other changes in the issued capital of the Company. There is currently no maximum number of authorized Shares.
The Consolidation is being proposed in connection with Apple's proposed acquisition of YDreams Brasil - Servicos e Sol
--->ucoes Interativas LTDA ("YDreams") (as previously announced on June 10, 2015 and July 2, 2015) and is subject to appro
--->val of the TSX Venture Exchange. However, the Company intends on effecting the Consolidation irrespective of closing t
--->he transaction with YDreams in order to allow the Company greater flexibility in future financings and for potential m
--->ergers and acquisitions.  
There is no name change in conjunction with the Consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS 

APPLE CAPITAL INC.

Conrad Clemiss President and Director Tel: 604-646-6910 www.applecapitalinc.com
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the proposed Consolidation are forward-looking statements and are 
--->prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectation
--->s and projections about future events, and are therefore subject to risks and uncertainties which could cause actual r
--->esults to differ materially from the future results expressed or implied by the forward-looking statements. These stat
--->ements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "inte
--->nd", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variation
--->s. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company's a
--->bility to complete the Consolidation, including the risk that the Consolidation may not be completed as expected or at
---> all. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not u
--->nder any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking stat
--->ements, whether as a result of new information, future events or otherwise. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



© 2024 Canjex Publishing Ltd. All rights reserved.