Mr. Massimo Bellini Bressi reports
BATTERY X METALS ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Further to the news release dated Nov. 29, 2024, Battery X Metals Inc. will implement the consolidation of its issued and outstanding common shares on the basis of 3.3 preconsolidation common shares for every one postconsolidation common share, effective as of Dec. 10, 2024.
The company's name and trading symbols will remain unchanged after the consolidation. The new Cusip number will be 07135M203, and its new ISIN will be CA07135M2031 for the postconsolidation common shares.
The total issued and outstanding number of common shares postconsolidation will be approximately 21,493,985, subject to adjustments for rounding. No fractional common shares will be issued as a result of the consolidation. Where the exchange results in a fractional share, the number of common shares will be rounded down to the nearest whole common share. The exercise or conversion price and/or the number of common shares issuable with respect to any of the company's outstanding convertible securities will be proportionately adjusted in connection with the consolidation.
A letter of transmittal with respect to the consolidation will be mailed to registered shareholders of the company. All registered shareholders with physical certificates will be required to send their certificates representing preconsolidation common shares along with a completed letter of transmittal to the company's transfer agent, Endeavor Trust Corp., in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Endeavor or through the company's profile on SEDAR+.
The board of directors of the company is proceeding with the consolidation on the basis that it may provide the company with increased flexibility to seek additional financing opportunities.
About Battery X Metals Inc.
Battery X is committed to advancing the global clean energy transition through the development of proprietary technologies and domestic battery and critical metal resource exploration. The company focuses on extending the lifespan of electric vehicle batteries, through its portfolio company, Librt (1), recovering battery-grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery and critical metal resources.
(1) 49-per-cent-owned portfolio company.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.