VANCOUVER, BC, Nov. 18,
2024 /CNW/ - Vanadian Energy Corp. (the
"Company") (TSXV: VEC.H) announces that subject to TSX
Venture approval, the previously announced consolidation of the
Company's common shares on the basis of ten (10) pre-consolidation
shares for every one (1) post-consolidation share (the
"Consolidation") will become effective at market opening on
November 21, 2024 (the "Effective
Date"). Following the Consolidation, the Company will have
approximately 4,226,117 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. The
Company's name and trading symbol will remain unchanged after the
Consolidation. The new CUSIP number will be 921413209 and the
new ISIN number will be CA9214132099 for the post-Consolidation
shares.
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.
ON BEHALF OF VANADIAN ENERGY CORP.
"Marc Simpson"
Marc Simpson
President and
CEO
www.vanadianenergy.com
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.
SOURCE Vanadian Energy Corp.
