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Be the first with the news that moves the market- Denarius Metals Corp. (DSLV) has received approval from the TSX Venture Exchange to consolidate its shares on a 10-for-1 basis.
- The company’s common shares will commence trading on a post-consolidated basis on the TSXV and OTCQB at market open on Monday, November 21, 2022
- The new ISIN and CUSIP numbers for the company’s common shares are CA2482332079 and 248233207, respectively
- Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects
- Denarius Metals Corp. opened trading at $0.08 per share
Denarius Metals Corp. (DSLV) has received approval from the TSX Venture Exchange to consolidate its shares on a 10:1 basis.
The company’s common shares will commence trading on a post-consolidated basis on the TSXV and OTCQB at market open on Monday, November 21, 2022.
This consolidation of the company’s issued and outstanding common shares will not affect the company’s name and trading symbols.
Following the consolidation, the new ISIN and CUSIP numbers for the company’s common shares are CA2482332079 and 248233207, respectively.
Denarius Metals has an authorized capital consisting of an unlimited number of common shares without par value, of which 207,621,865 common shares are currently issued and outstanding.
In addition, a further approximately 94 million common shares are issuable through the potential future exercise of the issued and outstanding warrants and stock options.
The company believes that this potentially large number of issued and outstanding common shares acts as a damper on the company’s stock price and could restrict the ability of the company to raise equity in the future to fund its business activities.
Accordingly, the company is consolidating its issued and outstanding common shares on a ten-for-one basis (10:1).
As a result of the consolidation, there will be approximately 20,762,188 common shares issued and outstanding on a post-consolidated basis, subject to rounding for fractional shares, as no fractional shares will be issued.
The number of post-consolidated common shares to be received will be rounded up to the nearest whole number for fractions of 0.5 or greater or rounded down to the nearest whole number for fractions of less than 0.5.
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain.
Denarius Metals Corp. opened trading at $0.08 per share.
