Mr. Kory Zelickson reports
VEJI ANNOUNCES SHARE CONSOLIDATION
Further to its news release dated Dec. 7, 2023, Veji Holdings Ltd.'s board of directors and shareholders have approved a consolidation of the company's issued and outstanding shares on the basis of one postconsolidation common share for every 25 preconsolidation common shares. The company currently has 54,310,772 common shares outstanding and will have approximately 2,172,430 common shares outstanding after completion of the consolidation, subject to rounding and the elimination of any fractional shares resulting from the consolidation. The number and exercise price of outstanding stock options and warrants of the company will similarly be adjusted by the consolidation ratio. Further detail respecting the consolidation, including the effective date thereof, will be provided in a subsequent news release.
The consolidation is subject to the acceptance of the Canadian Securities Exchange. The company will not be changing its name or trading symbol in conjunction with the consolidation.
About Veji Holdings Ltd.
The company is a reporting issuer in Canada and is listed on the CSE under the symbol VEJI.X and on the OTC (over-the-counter) market under the symbol VEJIF.
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