16:22:01 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



G6 Materials Corp
Symbol GGG
Shares Issued 163,679,193
Close 2023-07-06 C$ 0.025
Market Cap C$ 4,091,980
Recent Sedar Documents

G6 Materials receives TSX-V OK for 1:10 share rollback

2023-07-07 10:23 ET - News Release

Mr. Daniel Stolyarov reports

G6 MATERIALS ANNOUNCES SHARE CONSOLIDATION

Further to its new release dated June 27, 2023, G6 Materials Corp. has received TSX Venture Exchange approval to consolidate all of the company's issued and outstanding common shares on the basis of one postconsolidation share for every 10 preconsolidation shares. The company's shares will continue to trade on the TSX-V under its current symbol GGG and current name, G6 Materials.

The effective date and trading of the shares on a postconsolidation basis on the TSX-V are expected to be on or about July 12, 2023. The new Cusip number assigned to the shares following the consolidation will be 361333206 (ISIN: CA3613332061).

The consolidation is expected to result in the number of issued and outstanding shares being reduced from 163,679,193 preconsolidation shares to approximately 16,367,919 postconsolidation shares. The exercise or conversion price and the number of common shares issuable under any of G6's outstanding convertible securities will be proportionately adjusted upon the completion of the consolidation.

No fractional shares will be issued as a result of the consolidation. Any fractions of a share less than one-half will be rounded down to the nearest whole number of shares. Any fractions of at least one-half will be rounded up to the nearest whole share. No cash consideration will be paid in respect of fractional shares.

Shareholders of record as at the record date will receive a letter of transmittal providing instructions for the exchange of existing share certificate(s) evidencing preconsolidation shares for new share certificate(s) representing the number of postconsolidation shares to which they are entitled as soon as practicable following record date.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the articles of the company, the consolidation was approved by way of resolutions passed by the board of directors of the company.

About G6 Materials Corp.

G6 Materials is a high-technology company with expertise in advanced materials that creates value developing innovative composites for a wide range of industrial uses. Graphene Laboratories Inc., a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including, but not limited to, conductive epoxies, high performance composites, and R&D (research and development) materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA (National Aeronautics and Space Administration) and leading universities. Graphene Laboratories has entered the global air filtration market with Breathe+, a line of medical-grade HEPA (high-efficiency particulate air) air filtration products enhanced with advanced performance graphene material.

G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the company has a valuable IP (intellectual property) portfolio currently comprising five granted patents. The company's management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories, a wholly owned subsidiary of G6, located in Ronkonkoma, N.Y., has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.

We seek Safe Harbor.

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