Mr. Alex Gostevskikh reports
INFINITUM PROPOSES SHARE CONSOLIDATION
Infinitum Copper Corp.'s board of directors has approved a proposed consolidation of the company's issued and outstanding common shares on the basis of 10 preconsolidation common shares for one postconsolidation common share, subject to acceptance by the TSX Venture Exchange.
Under the
Business Corporations Act
(British Columbia) and the company's articles, shareholder approval is not required in connection with the consolidation, unless otherwise requested by the TSX-V.
The effective date of the consolidation has not yet been determined and will be announced in a subsequent news release following receipt of TSX Venture Exchange acceptance.
No fractional common shares will be issued in connection with the consolidation. Any fractional interest resulting from the consolidation will be rounded down to the nearest whole common share.
In addition, the consolidation will apply to all outstanding securities convertible into common shares of the company, including stock options and warrants. The number of common shares issuable under such securities and the applicable exercise or conversion prices will be proportionately adjusted in accordance with their respective terms and the policies of the TSX-V.
The company's name and trading symbol are not expected to change following completion of the consolidation.
About Infinitum Copper Corp.
Infinitum Copper is a Canadian-based junior exploration company focused on advancing near-term copper projects in the Americas. With an experienced team and strategic advisers, the company is pursuing a disciplined growth strategy centered on the discovery, acquisition and responsible development of scalable copper assets to create long-term shareholder value.
We seek Safe Harbor.
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