09:22:51 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Right Season Investments Corp
Symbol LITT
Shares Issued 158,406,932
Close 2023-10-25 C$ 0.025
Market Cap C$ 3,960,173
Recent Sedar Documents

Right Season shareholders approve 1:70 rollback

2023-10-25 17:02 ET - News Release

Mr. Tyler Lewis reports

RIGHT SEASON TO PROCEED WITH SHARE CONSOLIDATION

Further to the news release dated Sept. 7, 2023, Right Season Investments Corp. will consolidate its issued and outstanding common shares at a ratio of one postconsolidation share for 70 preconsolidated shares. The consolidation was approved by the company's shareholders at the annual and special meeting held on Oct. 20, 2023.

Effective at the open of markets on or about Oct. 30, 2023, the shares of the company will trade on a postconsolidation basis under the new Cusip: 76658Q206 (ISIN: CA76658Q2062). The company currently has 158,406,932 shares issued and outstanding. Following the consolidation, there will be approximately 2,262,956 shares issued and outstanding.

Registered shareholders of the company who hold shares represented by a physical certificate or direct registration system advice will receive a letter of transmittal from the transfer agent for the company, Endeavor Trust Corp., with instructions on how to exchange their existing certificate or DRS advice for a postconsolidation certificate or DRS advice.

Management views the consolidation as a step aimed at reducing the number of shares outstanding to increase the share price, which will allow the company to attract additional investors who have minimum share price thresholds for equity investments.

The company does not intend to change its name or its current trading symbol in connection with the consolidation.

No fractional shares will be issued, and any fractions of a share will be rounded to the nearest whole number of shares. 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 consolidation.

The consolidation is subject to final approval from the TSX Venture Exchange.

About Right Season Investments Corp.

Right Season is a Canadian venture capital, investment and advisory firm that strives to actively drive innovation and accelerate growth for its shareholders. Right Season invests capital into private and public companies that offer excellent growth opportunities.

We seek Safe Harbor.

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