Mr. David Greenway reports
RECHARGE RESOURCES ANNOUNCES SHARE CONSOLIDATION
Recharge Resources Ltd. intends to consolidate the common shares in the capital of the company on the basis of three preconsolidation common shares for every one postconsolidation common share.
The company currently has 50,857,441 common shares issued and outstanding, and following the consolidation, the company will have approximately 16,952,480 common shares issued and outstanding, prior to rounding for fractional shares.
The consolidation remains subject to the approval of the board of directors of the company and remains subject to the approval of the Canadian Securities Exchange. The company will issue a further news release announcing the effective date of the consolidation upon receiving exchange approval. The company will not be changing its name in conjunction with the consolidation.
About Recharge Resources Ltd.
Recharge Resources is a Canadian mineral exploration company focused on exploring and
developing the production of high-value battery metals to create green, renewable energy to
meet
the demands of the advancing electric-vehicle/fuel-cell-vehicle market.
We seek Safe Harbor.
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