07:05:19 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Essex Minerals Inc (2)
Symbol ESX
Shares Issued 88,178,783
Close 2023-08-22 C$ 0.01
Market Cap C$ 881,788
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Essex Minerals plans rollback, name change

2023-08-22 19:39 ET - News Release

Subject: Re: Essex Minerals News Release PDF Document File: Attachment 2023-08-22 ESX Consolidation NR.pdf ESSEX MINERALS INC. Vancouver, British Columbia ESSEX ANNOUNCES SHARE CONSOLIDATION AND NAME CHANGE August 22, 2023 Vancouver, British Columbia, Canada. Essex Minerals Inc. (the "Company" or "Essex", TSX-V: ESX) announces its plan to consolidate its issued and outstanding common shares (each, a "Share") on the basis of one (1) post-consolidation share for every ten (10) pre-consolidation Shares (the "Consolidation") and change its name to Optegra Ventures Inc. The Consolidation is set to be effective August 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 and ISIN number have been issued for the post-Consolidation Shares, being 68387G104 and CA68387G1046. The new Shares will trade under the symbol "OPTG" and Essex's name will change to Optegra Ventures Inc. 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 post-Consolidation 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. ISSUED ON BEHALF OF ESSEX MINERALS INC. Paul Loudon Chairman Tel: +1604 681 4653 www.essexminerals.com Neither the 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. Cautionary Statement Regarding "Forward-Looking" Information This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results; performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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