VANCOUVER, BC, Nov. 25,
2024 /CNW/ - SKRR Exploration Inc. (TSXV: SKRR)
(FSE: B04Q) ("SKRR" or the "Company") announces
that, further to its news release dated November 19, 2024, the TSX Venture Exchange (the
"Exchange") has approved the consolidation of the Company's
common shares (the "Consolidation") on the basis of one (1)
post-Consolidation common share for every four (4)
pre-Consolidation common shares. The Consolidation will be
effective at the opening of the market on November 27, 2024 (the "Effective Date").
Pursuant to the provisions of the Business Corporations Act
(British Columbia) and the
Articles of the Company, the Consolidation was approved by way of
resolution passed by the board of directors of the Company.
The Company's name and trading symbol will remain unchanged
following the Consolidation. The new CUSIP number will be 78446Q308
and the new ISIN number will be CA78446Q3089 for the
post-Consolidation common shares. The Company currently has
19,375,371 common shares issued and outstanding, and after the
Consolidation is effective there will be approximately 4,843,842
common shares issued and outstanding.
Any fractional post-Consolidation share that is less than
one-half (1/2) of a share will be cancelled and any fractional
post-Consolidation share that is at least or greater than one-half
(1/2) of a share will be rounded up to one whole share. Registered
shareholders of record as of the Effective Date who hold physical
share certificates will receive a letter of transmittal from the
Company's transfer agent, Computershare Investor Services Inc.,
with instructions on how to exchange for new share certificates
representing post-Consolidation shares. Beneficial shareholders who
hold their shares through a broker or other intermediary and do not
have shares registered in their own names will not be required to
complete a letter of transmittal.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with
properties in Saskatchewan – some
of the world's highest ranked mining jurisdictions. The primary
exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium,
precious, and base metal deposits. The Trans-Hudson Orogen –
although extremely well known in geological terms has been
significantly under-explored in Saskatchewan. SKRR is committed to all
stakeholders including shareholders, all its partners and the
environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
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.
Forward-Looking Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, statements relating to the
Consolidation being effected on the stated date, statements
relating to the technical, financial and business prospects of the
Company, its projects, its goals and other matters. All statements
in this news release, other than statements of historical facts,
that address events or developments that the Company expects to
occur, are forward-looking statements. Although the Company
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in the forward-looking statements. Such
statements and information are based on numerous assumptions
regarding present and future business strategies and the
environment in which the Company will operate in the future,
including the price of metals, the ability to achieve its goals,
the ability to secure equipment and personnel to carry out work
programs, that general business and economic conditions will not
change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such
forward-looking information reflects the Company's views with
respect to future events and is subject to risks, uncertainties and
assumptions, including the risks and uncertainties relating to the
interpretation of exploration results, risks related to the
inherent uncertainty of exploration and cost estimates and the
potential for unexpected costs and expenses and those other risks
filed under the Company's profile on SEDAR+ at www.sedarplus.ca.
There is a possibility that future exploration, development or
mining results will not be consistent with the Company's
expectations. Factors that could cause actual results to differ
materially from those in forward looking statements include, but
are not limited to, continued availability of capital and financing
and general economic, market or business conditions, failure to
secure personnel and equipment for work programs, adverse weather
and climate conditions, failure to obtain or maintain all necessary
government permits, approvals and authorizations, decrease in the
price of gold, copper, uranium and other metals, failure to obtain
or maintain community acceptance (including First Nations),
increase in costs, litigation, and failure of counterparties to
perform their contractual obligations. The Company does not
undertake to update forward–looking statements or forward–looking
information, except as required by law.
SOURCE SKRR Exploration Inc.
