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22:23:01 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Plymouth Realty Capital Corp
Symbol PH
Shares Issued 6,225,000
Close 2020-07-03 C$ 0.015
Market Cap C$ 93,375
Recent Sedar Documents

Plymouth to begin trading postconsolidation July 14

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

Subject: Plymouth Realty Capital Corp. (TSXV: PH) - News Release Word Document File: '\\doc\emailin\20200710 081857 Attachment NR_2007_Closes Financing and Share Consolidation.v2.doc' PLYMOUTH REALTY CAPITAL CORP. 580 Hornby Street, Suite 880 Vancouver, BC V6C3B6 Plymouth Realty Capital Corp. Announces Completion of Share Consolidation and Private Placement Financing July 10, 2020. Plymouth Realty Capital Corp. (the "Company") (TSX-V: PH.H) announces that further to the Company's news release dated May 25, 2020 the consolidation of its issued and outstanding common shares at a ratio of ten (10) pre-consolidated shares to one (1) post-consolidation share (the "Consolidation") 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 10,000,000 post-Consolidation common shares at $0.05 per post-Consolidation share for gross proceeds of $500,000 (the "Financing"). 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 pre-consolidated common shares for new share certificates and/or new DRS statements representing the number of post-consolidated 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 pre-Consolidation 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. On behalf of the Board of Directors, Gunther Roehlig, Chief Executive Officer For further information please contact: Plymouth Realty Capital Corp. 580 Hornby Street, Suite 880 Vancouver, British Columbia V6C 3B6 T: (604) 617-5421 Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, The Company undertakes no obligation to publicly update or revise forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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