Stockwatch

Veji Holdings Ltd
Symbol	VEJI
Shares Issued	54,310,772
Close 2023-12-07	C$ 0.005
Market Cap	C$ 271,554
Recent Sedar Documents

Veji Holdings to roll back shares 1:10

2023-12-07 17:39 ET - News Release

Subject: PR for Veji Holdings - Friday Dec 8 Pre-Market Word Document File: '\\swfile\EmailIn\20231207 142703 Attachment Veji Announces New Board Appointment and Proposed Share Consolidation_2.docx' 1374-5475-3033, v. 1 Veji Announces New Appointment to Board of Directors and Proposed Share Consolidation VANCOUVER, BC, December 8, 2023 - Veji Holdings Ltd. ("Veji" or the "Company") (CSE: VEJI; OTC: VEJIF) is pleased to announce that it has added Mr. Amar Purewal to the Company's Board of Directors (the "Board"). Mr. Purewal joins Veji's team with a proven track record in private and public markets with specific expertise in corporate governance, business development and raising capital. In particular, Mr. Purewal has experience working with fast-growing companies and managing the portfolios of hospitality and commercial property businesses. Mr. Purewal comes from a commercial lending background where he underwrote, structured and provided $45M+ in debt financings across manufacturing, industrial, commercial farming, R&D and product development projects with the Royal Bank of Canada. Veji's management team would like to welcome Mr. Purewal to its Board and looks forward to pursuing opportunities with Mr. Purewal to drive the best value for stakeholders. Proposed Share Consolidation The Company also announces its intention to consolidate its issued share capital on the basis of one (1) new common share for every ten (10) existing common shares (the "Share Consolidation"). The Company's name and trading symbol will remain the same following the Share Consolidation. No fractional shares will be issued under the Share Consolidation and each fractional share will be rounded down to the nearest whole number, without any consideration payable therefor. Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares. Outstanding convertible securities of the Company, including warrants and options, will be adjusted to account for the Share Consolidation in accordance with their terms. The Company will provide a further update once the effective date of the Share Consolidation is known About Veji Holdings Ltd. The Company is a reporting issuer in Canada and is listed on the Canadian Securities Exchange under the symbol "VEJI" and on the OTC under the symbol "VEJIF". For more information, please visit www.VejiHoldings.com ON BEHALF OF THE BOARD OF DIRECTORS: Kory Zelickson Director and CEO For investor inquiries or further information, contact: 250-300-5103\ or ir@vejiholdings.com Cautionary Note Regarding Forward-Looking Statements Securities regulators have neither approved nor disapproved the contents of this press release and accept no responsibility for the adequacy or accuracy of this press release. This press release contains statements that constitute "forward-statements,", including statements respecting the Mr. Purewal's expected contributions to the Company, the Company's goal of pursuing opportunities that drive the best value for stakeholders and the Share Consolidation. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, as well as those risks identified in the Company's most recently filed Management's Discussion & Analysis. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except in accordance with applicable securities laws. THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.