ACA - Axiom Capital Advisors Clarifies Forward Share Split
(TheNewswire)
Calgary, Alberta – TheNewswire - October 2, 2023 – Axiom Capital AdvisorsInc. (“ACA” or the “Corporation”) (CSE:ACA) is announcing a clarification to it’s previous pressrelease announcing the Share Split (as defined herein), the Companywill forward split its common shares (" Common Shares ") on thebasis of four (4) new Common Shares for each one (1) Common Sharecurrently outstanding (the " Share Split "). All shareholders of recordon October 10, 2023 (the “ Record Date ”) will be entitled to receivethree (3) additional Common Shares pursuant to the Share Split. TheCompany is targeting October 6, 2023 as the effective date of theShare Split (the “ EffectiveDate ”).
The Corporation currently has 6,472,100 Common Sharesissued and outstanding. It is expected that, upon the completion ofthe Share Split, there will be approximately 25,888,400 Common Sharesissued and outstanding. The Corporation proposes the Share Split toincrease the liquidity and marketability of the Common Shares.
As per Canadian Securities Exchange (" CSE ") policy,the share split is being conducted on a "push-out" basis andtherefore the Corporation’s CUSIP number will remain the same. DRSstatements for the additional shares resulting from the Share Splitwill be mailed to the shareholders as of the Record Date by theCompany’s transfer agent Alliance Trust Company. Shareholders do notneed to take any action with respect to the Share Split. The ShareSplit will not materially affect the percentage ownership in theCompany of shareholders even though such ownership will be representedby a larger number of Common Shares. Holders of stock options, CommonShare purchase warrants, and broker warrants will be contacted by theCorporation to replace the certificates or agreements representingtheir securities, where applicable. The Company has made anapplication to the CSE for the Share Split. The Share Split, as wellas the Record Date and Effective Date remains subject to approval bythe CSE. The Company will issue an additional news release with moreinformation about the Share Split once additional information becomesavailable.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer Eric Entz
Head Office 1626Westmount Road NW, Calgary, Alberta T2N 3M1
Telephone +1 (587)208 4044
Website www.axiomadvisors.ca
Email axiomcapitaladvisorsinc@gmail.com
The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.
Forward-Looking Information
Certain information in this news release may constitute"forward-looking" information that involves known andunknown risks, uncertainties, future expectations and other factorswhich may cause the actual results, performance or achievements of theCorporation or industry results, to be materially different from anyfuture results, performance or achievements expressed or implied bysuch forwardlooking information. When used in this news release, thisinformation may include words such as "anticipate","estimate", "may", "will","expect", "believe", "plan" and otherterminology. This information reflects current expectations regardingfuture events and operating performance and speaks only as of the dateof this news release.
Forward-looking statements in this news release mayinclude, but are not limited to, the future plans of the Corporation,the Share Split, the Record Date, the Effective Date, the CSEapproval, business plans, objectives and strategy.
Except as required by law, we assume no obligation toupdate or revise forward-looking information to reflect new events orcircumstances. Additional information is available in theCorporation’s Management Discussion and Analysis, which canbe found on SEDAR at www.sedar.com .
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