EQS-News: Altaley Mining Share Consolidation and Rights Offering
Retrieved on:
Sunday, December 18, 2022
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Altaley Mining Corporation (the “Company” or “Altaley”) announces that the Company’s Board of Directors has approved a consolidation of the Company’s issued share capital on a ratio of one (1) new post-consolidated common share for every eight (8) old pre-consolidated common shares (the “Consolidation”).
Key Points:
- Altaley Mining Corporation (the “Company” or “Altaley”) announces that the Company’s Board of Directors has approved a consolidation of the Company’s issued share capital on a ratio of one (1) new post-consolidated common share for every eight (8) old pre-consolidated common shares (the “Consolidation”).
- The Company is also pleased to announce it will be making a rights offering (the “Rights Offering”) on a post-Consolidation basis in which holders of record of the Company’s post-Consolidation common shares (“Common Shares”), will receive rights (“Rights”) to subscribe for units (“Units”) of the Company.
- The terms of the Rights Offering and the procedures for exercising Rights will be explained in the Notice and the Rights Offering Circular which will be issued after the Consolidation is completed.
- Altaley Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.