Ms. Marilyn Miller reports
GREEN ARROW RESOURCES INC. ANNOUNCES EFFECTIVE DATE OF CONSOLIDATION
The previously announced consolidation of Green Arrow Resources Inc.'s issued and outstanding common shares at a ratio of one postconsolidation share to five preconsolidation shares will become effective at the market opening on Aug. 17, 2026.
Immediately prior to the consolidation, the company had 22,502,949 common shares issued and outstanding. Upon completion of the consolidation, the company will have approximately 4,500,590 common shares issued and outstanding. Fractional shares of 0.5 or greater will be rounded up to the nearest whole number of common shares and fractional shares of less than 0.5 will be rounded down to the nearest whole number of shares. Some slight variance is expected due to fractional rounding. The name of the company has not changed, and the trading symbol remains GAR.H. A new Cusip number has been issued for the postconsolidated shares, being 39260W300. The company is completing the consolidation to better position its capital structure for future corporate opportunities and potential financing activities and to provide the company with greater flexibility as it evaluates opportunities intended to reactivate the company and enhance shareholder value.
Holders of shares of the company who hold uncertificated shares (that is shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by the company's transfer agent or, in the case of beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street name for their benefit. Such holders generally do not need to take any additional actions to exchange their preconsolidation shares for postconsolidation shares. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your nominee.
Registered shareholders holding share certificates will be mailed a letter of transmittal advising of the consolidation and instructing them to surrender the share certificates representing preconsolidation shares for replacement certificates or a direct registration advice representing their postconsolidation shares. Until surrendered for exchange, each share certificate formerly representing preconsolidation shares will be deemed to represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation.
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