19:27:38 EDT Wed 24 Apr 2024
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or Name
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Quizam Media Corp (4)
Symbol QQ
Shares Issued 71,372,124
Close 2020-05-15 C$ 0.025
Market Cap C$ 1,784,303
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Quizam to roll back shares one for 12

2020-05-15 19:09 ET - News Release

An anonymous director reports

QUIZAM'S BOARD APPROVES 12:1 SHARE CONSOLIDATION

Quizam Media Corp.'s directors have determined to consolidate the company's current common shares at one new postconsolidated share for 12 current common shares. The company currently has 71,372,124 shares issued. Postconsolidation, the company will have 5,947,677 common shares issued and outstanding. The company's name will remain unchanged.

The company will not be issuing fractional postconsolidation common shares in connection with the consolidation. Where the consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of postconsolidation common shares issued to such holder of common shares shall be rounded up or down to the nearest whole number of common shares.

The company will be issuing its shares on a pushout basis, and shareholders will not be required to do anything with the common shares that they hold but all shareholders of record on the record date will receive new share certificates from the company. The record date will be determined and posted upon the company completing certain administrative tasks in the coming week.

The exercise or conversion price and the number of common shares issuable under any of the company's outstanding warrants, convertible debentures, stock options and securities convertible in common shares will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.

About Quizam Media Corp.

ontrackTV and Quantum 1 are wholly owned subsidiaries of Quizam Media. ontrackTV uses high-quality video and live instructors to deliver computer and cannabis training on-line. In addition, Quizam is opening a chain of cannabis dispensaries under the name Quantum 1.

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