10:18:24 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Zoomaway Travel Inc
Symbol ZMA
Shares Issued 153,360,338
Close 2021-04-15 C$ 0.025
Market Cap C$ 3,834,008
Recent Sedar Documents

Zoomaway's name change to take effect April 16

2021-04-15 13:07 ET - News Release

Mr. Sean Schaeffer reports

ZOOMAWAY ANNOUNCES EFFECTIVE DATE FOR NAME CHANGE AND SHARE CONSOLIDATION

Further to its press release dated March 23, 2021, the change of Zoomaway Travel Inc.'s name to Zoomaway Technologies Inc. and the consolidation of all of its issued and outstanding common shares on the basis of one postconsolidated common share for every nine preconsolidated common shares will take effect as of Friday, April 16, 2021.

The company's consolidated common shares will begin trading under the new name on the TSX Venture Exchange at the opening of trading on the effective date. The company will continue to trade under its current symbol of ZMA. The new ISIN (international securities identification number) and Cusip number for the company's common shares following the name change and consolidation are CA98980C1014 and 98980C101, respectively.

The consolidation will result in the number of issued and outstanding common shares being reduced from the current outstanding 153,360,338 to approximately 17,040,038 common shares, and each shareholder will hold the same percentage of common shares outstanding immediately after the consolidation as such shareholder held immediately prior to the consolidation. The exercise price and number of common shares of the company issuable upon the exercise of outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the consolidation in accordance with the terms of such securities.

No fractional shares will be issued as a result of the consolidation. All fractions of common shares postconsolidation will be rounded down to the next lowest whole number if the first decimal place is less than five and rounded up to the next highest whole number if the first decimal place is five or greater. No cash consideration will be paid in respect of fractional shares.

Registered shareholders of record as at the effective date will receive a letter of transmittal from the company's transfer agent providing instructions for the exchange of their common shares as soon as practicable following the effective date.

Non-registered shareholders holding common shares through an intermediary (a securities broker, dealer, bank or financial institution) should be aware that the intermediary may have different procedures for processing the consolidation than those that have been put in place by the company for registered shareholders. If shareholders hold their common shares through intermediaries and have questions in this regard, they are encouraged to contact their intermediaries.

About Zoomaway Travel Inc.

Zoomaway Travel is a technology company that is revolutionizing the hospitality and travel industries. Zoomaway has developed a variety of software solutions that enhance the planning and engagement of everyday tourists. The company's flagship project, ZoomedOut, is a complete modernization and reimagination of mobile travel apps. In a full 3-D environment, Zoomaway is able to integrate planning, booking, social media and camaraderie into a tangibly rewarding experience. Zoomaway is combining travel, hospitality, mobile gaming and augmented reality to change the way users travel into 2020 and beyond.

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