Red Pine Receives Approval For Share Consolidation : vimarsa

Red Pine Receives Approval For Share Consolidation


Red Pine Receives Approval For Share Consolidation
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Red Pine Exploration Inc. is pleased to announce that it has received TSX Venture Exchange approval for the consolidation of the common shares of the Corporation . As previously announced in its press releases dated February 23, 2021 and March 11, 2020, shareholders of the Corporation approved a special resolution …
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Red Pine Exploration Inc. (TSX-V: RPX) (the “ Corporation ” or “ Red Pine ”) is pleased to announce that it has received TSX Venture Exchange (“ TSXVE ”) approval for the consolidation of the common shares (the “ Common Shares ”) of the Corporation (the “ Consolidation ”). As previously announced in its press releases dated February 23, 2021 and March 11, 2020, shareholders of the Corporation approved a special resolution authorizing the Board of Directors to consolidate the Common Shares of the Corporation. The Board of Directors has confirmed the Corporation’s intention to proceed with a one (1) new for every ten (10) old consolidation (10:1) of its Common Shares (the “ Conversion Ratio ”). There will be no name change in conjunction with the Consolidation. The Corporation will continue to trade under the symbol “RPX” on the TSXVE (the “ TSXVE ”). The new ISIN number for the Consolidated Shares is CA75686Y7028 and the new CUSIP number is 75686Y702. There are currently 477,222,387 Common Shares outstanding; after giving effect to the Consolidation there will be approximately 47,722,239 Common Shares outstanding.

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