Altan Nevada rolls back shares 1:2

company news

Altan Nevada Minerals Ltd (1) (C:ANE)
Shares Issued 83,099,226
Last Close 3/15/2019 $0.03
Friday March 15 2019 – News Release

Mr. John Jones reports


Altan Nevada Minerals Ltd., following the approval of the company’s shareholders obtained Oct. 5, 2018, has consolidated its issued and outstanding shares at a ratio of one postconsolidation share for two preconsolidation common shares, effective as of March 18, 2019. No fractional common shares will be issued as a result of the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater and rounded down to the next lower whole number if the fraction is less than 0.5.

The company’s common shares will commence trading on the TSX Venture Exchange on a postconsolidation basis at the start of trading on March 18, 2019.

Holders of common shares of the company who hold uncertificated common shares (including shares held through a brokerage account and/or not represented by a physical share certificate) have had their holdings electronically adjusted by the company’s transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their preconsolidation common shares for postconsolidation common shares. Letters of transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificates or DRS advice for new share certificates or DRS advice. A letter of transmittal is also available on SEDAR and on the company’s website.

Prior to implementing the consolidation, the company had 83,099,226 common shares issued and outstanding, and immediately after implementing the consolidation the company will have 41,549,634 common shares issued and outstanding.

The company’s new Cusip number is 02144U205 and its new ISIN is CA02144U2056.

For additional information regarding the consolidation, please refer to the company’s notice of special meeting of shareholders and information circular dated Aug. 18, 2018.

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