16:48:31 EDT Sun 09 Aug 2020
Enter Symbol
or Name

Plymouth Realty Capital Corp
Symbol PH
Shares Issued 6,225,000
Close 2020-07-03 C$ 0.015
Recent Sedar Documents

Plymouth to begin trading postconsolidation July 14

2020-07-10 11:41 ET - News Release

Mr. Gunther Roehlig reports


Further to Plymouth Realty Capital Corp.'s news release dated May 25, 2020, the consolidation of its issued and outstanding common shares at a ratio of 1:10 will take effect on opening of business on July 14, 2020. The company's new Cusip number is 730014404 and its new ISIN number is CA7300144044.

The company has also completed its proposed private placement financing of 10 million postconsolidation common shares at five cents per postconsolidation share for gross proceeds of $500,000.

Under the financing, the company will pay a finder a fee of 765,000 common shares. The securities issued under the financing will be subject to a four-month hold period.

Following the consolidation and the financing, the company's issued and outstanding common shares will be 11,387,500 common shares.

A letter of transmittal will be sent by mail to registered shareholders on July 14, 2020, advising that the consolidation has taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates and/or DRS statements evidencing their preconsolidated common shares for new share certificates and/or new DRS statements representing the number of postconsolidated common shares to which they are entitled. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the consolidation. Until surrendered, each certificate representing preconsolidation common shares will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

We seek Safe Harbor.

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