Mr. Robert Dubeau reports
MOJAVE BRANDS INC. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Mojave Brands Inc., further to the company's news release dated Oct. 19, 2023, will implement the previously announced consolidation of its common shares in the capital of the company on the basis of four preconsolidation shares for every one postconsolidation share effective as of Oct. 25, 2023.
The company name and trading symbol will remain unchanged after the consolidation. The new Cusip number will
be 608384202 and the new ISIN number will be CA6083842022 for the postconsolidation shares.
The company's postconsolidation shares are expected to begin trading on the Canadian Securities Exchange on or about Oct. 25, 2023. The total issued and outstanding number of shares postconsolidation will be
approximately 2,560,607, subject to rounding for fractional shares.
No fractional shares will be issued in connection with the consolidation. In the event a holder of shares would
otherwise be entitled to receive a fractional share in connection with the consolidation, the number of shares to be
received by such shareholder will be rounded down to the next whole number if that fractional share is less than one-half of a share, and will be rounded up to the next whole number if that fractional share is equal to or greater
than one-half of a share.
Registered shareholders that hold physical share certificates will receive a letter of transmittal requesting that they
forward preconsolidation share certificates to the company's transfer agent, Computershare Investor Services Inc.,
for exchange for new share certificates representing shares on a postconsolidation basis. Shareholders who hold
their shares through a broker or other intermediary and do not have shares registered in their own name will not be
required to complete a letter of transmittal.
We seek Safe Harbor.
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