Mr. Paul Loudon reports
ESSEX ANNOUNCES SHARE CONSOLIDATION AND NAME CHANGE
Essex Minerals Inc. plan to consolidate its issued and outstanding common shares on
the basis of one postconsolidation share for every 10 preconsolidation shares and change its name to Optegra Ventures Inc. The consolidation is set to be effective Aug. 25, 2023.
There are currently 88,178,783 issued and outstanding shares. Following the consolidation, it is expected that
there will be approximately 8,817,878 shares outstanding. No fractional shares will be issued. Any fractional
shares resulting from the consolidation will be rounded down to the nearest whole share if the fraction is less
than one-half of a share and will be rounded up to the nearest whole share if the fraction is at least one-half of a
share. A new Cusip number and a new ISIN have been issued for the postconsolidation shares, being 68387G 10 4
and CA 68387G 10 4 6, respectively. The new shares will trade under the symbol OPTG and Essex's name will change to
Optegra Ventures following the consolidation.
The exercise or conversion price and the number of shares issuable under any of the company's outstanding
convertible securities will be proportionately adjusted upon the effectiveness of the consolidation. Registered
shareholders as of the effective date who hold shares represented by a physical certificate or direct registration
advice (DRS advice) will receive a letter of transmittal from the transfer agent for the company,
Computershare Investor Services Inc., with instructions on how to exchange their existing certificates or DRS
advices for certificates or DRS advices representing postconsolidation shares. Beneficial shareholders holding
their shares through an intermediary, such as a brokerage firm, bank, dealer or similar organization, should note
that such intermediary might have different procedures for processing the consolidation than the procedures for
registered shareholders. Beneficial shareholders who have any questions in this regard are encouraged to contact
their intermediary.
The consolidation is subject to final approval from the TSX Venture Exchange.
We seek Safe Harbor.
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