VANCOUVER, BC, May 27, 2024
/CNW/ - Venerable Ventures Ltd. (the "Company") (TSXV:
VLV) announces that subject to TSX Venture approval, the previously
announced consolidation of the Company's common shares on the basis
of two (2) pre-consolidation shares for every one (1)
post-consolidation share (the "Consolidation") will become
effective at market opening on May 31,
2024. Following the Consolidation, the Company will have
approximately 6,756,468 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 922641303 and the
new ISIN number will be CA9226413032 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 the Board of Directors,
VENERABLE VENTURES LTD.
Alan MacDonald, Chief Executive
Officer
Phone: 604.609.6110
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 Venerable Ventures Ltd.