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Printed Jun 11, 2024 • 3 minute learn
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VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) — Koryx Copper Inc. (“Koryx” or the “Firm“) (TSX-V: KRY) additional to the Firm’s information launch on Could 22, 2024, the Firm broadcasts it obtained approval of the TSX Enterprise Change (the “Change”) for the consolidation of the Firm’s issued and excellent widespread shares on the idea of 1 (1) new widespread shares for each 5 (5) current widespread shares (the “Consolidation”). The Consolidation is efficient as on the opening of the market on June 14, 2024.
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The Firm’s identify and buying and selling image stay unchanged following the Consolidation. The brand new CUSIP quantity will probably be 50067J202 and the brand new ISIN quantity will probably be CA50067J2020 for the post-Consolidation widespread shares. The Firm has 231,668,716 pre-Consolidation widespread shares issued and excellent (together with the Shares issued beneath the Providing), and after the Consolidation there are roughly 46,333,743. post-Consolidation widespread shares issued and excellent (excluding the Widespread shares issued beneath an providing of widespread shares that’s anticipated to shut on June 13, 2024).
No fractional post-Consolidation widespread shares will probably be issued because of the Consolidation. Shareholders who would in any other case be entitled to obtain a fraction of a post-Consolidation widespread share will probably be rounded as much as the closest entire quantity and no money consideration will probably be paid in respect of fractional shares. The train value and variety of widespread shares of the Firm, issuable upon train of any excellent convertible securities will probably be proportionately adjusted pursuant to the Consolidation.
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A letter of transmittal from the Firm’s switch agent, Computershare Belief Firm of Canada, will probably be despatched to registered shareholders. Shareholders who maintain their widespread shares in brokerages accounts aren’t required to take motion to impact an alternate of their widespread shares for post-Consolidation widespread shares.
About Koryx Copper Inc.
Koryx is a mineral exploration and improvement firm. Koryx progress technique is to deal with the exploration and improvement of high quality belongings in vital mineralized tendencies and in proximity to infrastructure in steady international locations. The Firm holds the Haib Copper Undertaking in Namibia and holds an curiosity in three exploration licenses within the Copperbelt in Zambia
ON BEHALF OF THE BOARD OF DIRECTORS
Per: “Pierre Léveillé”
Pierre Léveillé
President & CEO
Extra data is accessible by contacting Pierre Léveillé, President & CEO at +1-819-340-0140 or at: data@koryxcopper.com
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
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Cautionary Assertion Concerning Ahead-Trying Info
This press launch accommodates “forward-looking data” inside the that means of relevant Canadian securities laws. Ahead-looking data consists of, with out limitation, statements relating to the usage of proceeds from the Firm’s just lately accomplished financings and the longer term or prospects of the Firm. Typically, forward-looking data could be recognized by means of forward-looking terminology comparable to “plans”, “expects” or “doesn’t anticipate “, “is predicted “, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will probably be taken”, “happen” or “be achieved”. Ahead-looking statements are essentially primarily based upon a variety of assumptions that, whereas thought of cheap by administration, are inherently topic to enterprise, market, and financial dangers, uncertainties, and contingencies that will trigger precise outcomes, efficiency, or achievements to be materially totally different from these expressed or implied by forward-looking statements. Though the Firm has tried to establish essential components that would trigger precise outcomes to vary materially from these contained in forward-looking data, different components might trigger outcomes to not be as anticipated, estimated, or supposed. There could be no assurance that such data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. Different components which may materially have an effect on such forward-looking data are described within the threat components within the Firm’s most up-to-date annual administration dialogue and evaluation. The Firm doesn’t undertake to replace any forward-looking data, besides in accordance with relevant securities legal guidelines.
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