09:28:03 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Mojave Brands Inc
Symbol MOJO
Shares Issued 10,242,428
Close 2023-10-10 C$ 0.07
Market Cap C$ 716,970
Recent Sedar Documents

Mojave to roll back shares one for four

2023-10-19 17:46 ET - News Release

Mr. Robert Dubeau reports

MOJAVE BRANDS INC. ANNOUNCES PROPOSED SHARE CONSOLIDATION

Mojave Brands Inc. intends to consolidate the common shares in the capital of the company on a one-for-four basis to improve the company's capital raising structure. The consolidation has been approved by the company's board of directors in accordance with the articles of the company but remains subject to the approval of the Canadian Securities Exchange. The company will issue a news release announcing the effective date of the consolidation upon receiving approval from the CSE. The common shares will subsequently begin trading on a consolidated basis under the existing company name and trading symbol.

As currently contemplated, every four preconsolidation common shares will automatically combine into one postconsolidation common share without any action on the part of the holders thereof. Following the completion of the proposed consolidation, the company is expected to have approximately 2,560,607 postconsolidation common shares issued and outstanding, subject to rounding for fractional common shares. No fractional common shares will be issued as a result of the consolidation. In the event a shareholder would otherwise be entitled to receive a fractional common share from the consolidation, the number of postconsolidation common shares to be received by such shareholder shall be rounded down to the next highest whole number of postconsolidation common shares.

We seek Safe Harbor.

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