Pacific Cascade Minerals Inc. Announces Name Change and Consolidation
11.08.2020 | vom Unternehmen
VANCOUVER, August 11, 2020 - Pacific Cascade Minerals Inc. (the“Company”) (TSX-V: PCV) announces that the Company will be changing its name from Pacific Cascade Minerals Inc. to “Bathurst Metals Corp.” (the “Name Change”). In conjunction with the name change the Company will also be completing a share consolidation on the basis of one (1) post-consolidation common share for every three (3) pre-consolidation common shares (the “Consolidation”).Effective at the commencement of trading on or about Friday, August 14, 2020 the Company is expected to begin trading on the NEX board of the TSX VentureExchange on a post-consolidated basis under the new name and stock symbol “BMV”. The new CUSIP and ISIN are: 071205108 and CA0712051089, respectively.
Currently there are 81,454,719common shares issued and outstanding and after the Consolidation there will be approximately 27,151,573 common shares issued and outstanding. The Company will not be issuing fractional post-Consolidation common shares to shareholders in connection with the Consolidation. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of post-Consolidation common shares issued to such holder of common shares shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, allcommon shares held by a beneficial holder shall be aggregated.
A letter of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective certificates representing pre-consolidated common shares along with a completed letter of transmittal to the Company’s transfer agent, Computershare Investor Services Inc. (“Computershare”), in accordance with the instructions providedin the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare. All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post-consolidation share certificate.
Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.
The exercise or conversion price and the number of common shares issuable under any of the Company's outstanding convertible loans and stock options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.
On behalf of the Board of Directors
“Harold Forzley”
President / CEO Pacific Cascade Minerals Inc.
For more information contact Harold Forzley, Presidenthforzley@shaw.ca
Neither TSX Venture Exchange nor its regulation services provider (asthatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.