15:22:02 EST Thu 30 Nov 2023
Enter Symbol
or Name

Login ID:
Looking Glass Labs Ltd
Symbol NFTX
Shares Issued 148,937,668
Close 2023-09-27 C$ 0.01
Recent Sedar Documents

Looking Glass to consolidate shares 1:75

2023-09-27 17:13 ET - News Release

Mr. Dorian Banks reports


Looking Glass Labs Ltd. will be consolidating all of the issued and outstanding common shares of the company on the basis of one postconsolidation common share for each 75 preconsolidation common shares.

The effective date and trading of the common shares on a postconsolidation basis on NEO Exchange Inc., operating as Cboe Canada, is expected to be on or about Oct. 6, 2023. The company's name and trading symbol will remain unchanged. The new Cusip number will be 54342Q205 and the ISIN will be CA54342Q2053.

The consolidation is expected to result in the number of issued and outstanding common shares being reduced from 148,937,668 preconsolidation common shares to approximately 1,985,835 postconsolidation common shares of no par value. The exercise or conversion price of warrants and stock options, and the number of common shares issuable thereunder will also be proportionately adjusted upon the completion of the consolidation.

No fractional shares will be issued as a result of the consolidation. All fractions of common shares will be rounded down to the next lowest whole number. No cash consideration will be paid in respect of fractional shares. The consolidation is subject to the receipt of all required regulatory approvals, including the approval of the exchange.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of U.K. domestic law by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

The directors of Looking Glass Labs take responsibility for this announcement.

About Looking Glass Labs Ltd.

Headquartered in Vancouver, B.C., Looking Glass Labs specializes in consumer engagement applications to leverage immersive metaverse environments, gamification and Web 3.0/blockchain monetization strategies.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.