Braingrid Limited Announces Completion of Share Consolidation
November 13 2020 - 10:15AM
Braingrid Limited (CSE: BGRD)
(“
Braingrid” or the “
Company”),
is pleased to announce that it has completed its previously
announced consolidation (the “
Consolidation”) of
its common shares (“
Common Shares”) on the basis
of 100 pre-Consolidation Common Shares for one (1)
post-Consolidation Common Share.
Following completion of the Consolidation, the
Company now has approximately 1,388,419 Common Shares issued and
outstanding. The Common Shares commenced trading on the Canadian
Securities Exchange (the “CSE”) on a consolidated
basis at the opening of markets on November 13, 2020 under its
current CSE trading symbol, BGRD.
Letters of transmittal are being mailed to the
registered shareholders of the Common Shares to use to exchange
their pre-Consolidation Common Shares for post-Consolidation Common
Shares. Shareholders who hold their shares through a broker or
other intermediary and do not have actual share certificates
registered in their name will not be required to complete and
return a letter of transmittal. Any pre-Consolidation Common Shares
owned by such shareholders are automatically adjusted as a result
of the Consolidation.
For further information regarding the
Consolidation, please see the Company’s press release issued on
November 6, 2020.
About
Braingrid Limited
Braingrid is a global technology company
committed to the best interests of the precision agriculture
industry for the long term. We provide valuable grow analytics by
capturing real-time data using our technology platform to increase
revenues, reduce costs, risks and improve yield - making it easier
for the grower to operate efficiently and effectively. Braingrid is
listed on the CSE under the symbol BGRD.
The Canadian Securities Exchange has not
reviewed, approved or disapproved the
content of this news release.
Media Contact:
Braingrid LimitedDoug HarrisChief Financial
Officer416-480-2488
ir@braingrid.iowww.braingrid.io
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