Mr. Michael Winn reports
REVELO SETS DATE FOR SHARE CONSOLIDATION
Revelo Resources Corp. the date for the consolidation of its common shares on the basis of one "new" common share for 10 "old" common shares has been set. Effective Wednesday, April 29, 2020, the common shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol RVL. The new Cusip number and ISIN are 761366202 and CA7613662021 respectively.
The share consolidation was originally announced in a news release dated Feb.6, 2020, and subsequently approved by the TSX Venture Exchange.
No fractional shares will be issued under the share consolidation. Instead, all fractional shares resulting from the consolidation of less than one-half will be rounded down to the nearest whole number, and of one-half or greater will be rounded up to the nearest whole number.
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary and consequently not having shares registered in their name will not be required to complete a letter of transmittal.
Following consolidation and subject to rounding, the company will have 16,740,503 issued and outstanding common shares. All outstanding incentive stock options will be adjusted accordingly to reflect the share consolidation.
About Revelo Resources Corp.
Revelo is a Canadian company listed on the TSX Venture Exchange.
We seek Safe Harbor.
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