CSE: 2015-0607-Stock Split/Consolidation - Grand Peak Capital Corp. (GPK)
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/15/15 -- Grand Peak Capital Corp. announced a consolidation and stock split of its issued share capital, the implementation of which will result in the elimination of all shareholdings of less than 500 shares. This transaction was approved by the shareholders of the Company at its annual and special meeting of shareholders held on May 22, 2015.
The shareholdings of less than 500 shares will be eliminated through a consolidation of the common shares on a 1 for 500 basis, and the subsequent split of the remaining shares on a 500 for 1 basis. Any fractional share remaining after giving effect to the aforementioned consolidation that is less than one-half of one share shall be deemed to be cancelled and each fractional share that is at least one-half of one share shall be deemed to be changed to one whole share.
Consolidation of the Company''s common shares on a one for 500 basis will result in any holder of less than one common share having his or her shares cancelled, ceasing to hold common shares and instead will be entitled, subject to the return of the certificate or DRS Notice representing the cancelled shares, to a cash payment. For details see the June 10, 2015 press release or contact the company directly.
As of June 15, 2015 there are 14,968,337 common shares of the company issued and outstanding. Following the consolidation and split the issued and outstanding shares will be approximately 14,656,337.
Disclosure documents are available at
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Canadian Securities Exchange (CSE)
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(416) 367-7340
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Datum: 15.06.2015 - 08:45 Uhr
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News-ID 1365945
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