Juggernaut Announces Completion of Share Consolidation
16 October 2019 - 7:15AM
Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE) (the
“Company” or
“Juggernaut”) announces that further to its news
release of October 2, 2019, the Company’s intention to consolidate
its common shares (“Shares”) on a 10-old-for-1-new share basis (the
“Consolidation”) has been accepted by the TSX Venture
Exchange.
Prior to implementing the Consolidation, the
Company had 105,225,564 Shares issued and outstanding and
immediately after implementing the Consolidation, the Company had
10,522,556 Shares issued and outstanding. No fractional shares will
be issued as a result of the Consolidation. Each fractional share
following the Consolidation that is less than one-half of a share
will be cancelled and each fractional share that is at least
one-half of a share will be rounded up to the nearest whole share.
The exercise price and the number of Shares issuable under any of
the Company's outstanding stock options and convertible
instruments, as applicable, will be proportionately adjusted in
connection with the Consolidation.
Effective at the opening of trading on October
17, 2019, the pre-Consolidation Shares in the name of Juggernaut
Exploration Ltd. will be delisted and the post-Consolidation Shares
will commence trading under the same name Juggernaut Exploration
Ltd. and same trading symbol of “JUGR”.
Holders of Shares who hold un-certificated
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 pre-Consolidation Shares for post-Consolidation Shares.
Letters of transmittal have been mailed to all registered
shareholders holding share certificates with instructions on how to
exchange existing share certificates for new share certificates. A
letter of transmittal is also available on SEDAR.
The Company's new CUSIP number is 48132D200 and
its new ISIN number is CA48132D2005.
For more information please
contact:
Juggernaut Exploration Ltd.Mr. Dan
StuartPresident and Chief Executive
Officerwww.juggernautexploration.com@JuggernautExp
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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