GETT:CC - G.E.T.T. Gold Announces Share Consolidation Effective Date
(TheNewswire)
Brossard (Quebec), July 2, 2024 – TheNewswire – G.E.T.T Gold Inc. (“GETT” or the“Company”) (TSX-V: GETT) , is pleased toannounce that, further to the Company's press release on April 29th,2024, the Company has received approval of the TSX Venture Exchange(the “Exchange”) for the consolidation of the Company’s issuedand outstanding common shares on the basis of one (1) new commonshares for every ten (10) existing common shares (the“Consolidation”). No shareholder approval was required for theConsolidation to come into effect. The Company’s common shares willbegin trading on the Exchange on a consolidated basis on July 4th,2024.
As at the date hereof, there are a total of 214,046,310common shares issued and outstanding. Assuming no other change to theissued and outstanding Shares, if the Consolidation is put intoeffect, a total of 21,404,631 common shares, subject to adjustmentsfor rounding, would be issued and outstanding.
The Company’s name and trading symbol remainunchanged following the Consolidation. The new CUSIP number will be36167X209 and the new ISIN number will be CA36167X2095 for thepost-Consolidation common shares.
No fractional post-Consolidation common shares will beissued as a result of the Consolidation. Fractional common shares willbe rounded up to the next nearest whole number of shares if thefraction is at least half of a share and rounded down to the nearestwhole number of shares if the fraction is less than half a share,provided, however, that no shareholder shall hold less than a singlecommon share as a result of the Consolidation.
The exercise price and number of common shares of theCompany, issuable upon exercise of any outstanding convertiblesecurities will be proportionately adjusted pursuant to theConsolidation.
A letter of transmittal from the Company’s transferagent, Computershare Trust Company of Canada, has been sent toregistered shareholders and is available on the Company’s SEDAR+profile at www.sedarplus.ca . Shareholderswho hold their common shares in brokerages accounts are not requiredto take action to effect an exchange of their common shares forpost-Consolidation common shares.
The Company believes that the Consolidation is in thebest interests of shareholders as it will allow the Company to moreadequately finance its operations in the coming months.
Pour une traduction française de ce communiqué depresse, veuillez visiter notre site Web à www.gettgold.com.
About G.E.T.T Gold
G.E.T.T Gold is active in the exploration and thedevelopment of gold resources in Quebec. G.E.T.T Gold also has anexclusive license for the Thermal Fragmentation mining method.
The Company’s growth strategy is based on:
• The commercialization and deployment of its thermalfragmentation technology;
• Increasing the value of mining assets through theimplementation of its technology; and
• The acquisition and development of precious metaldeposits with the objective of producing revenue from suchassets.
Follow the link to view G.E.T.T Gold’s new website www.gettgold.com
For additional information:
John Stella, Investor relations (514) 718-7976 jstella@gettgold.com
Fabien Miller, President & CEO (514) 892-1935 fmiller@gettgold.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This press release includes certain statements that maybe deemed "forward-looking statements". Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those in forward-looking statements.Factors that could cause actual results to differ materially fromthose in forward looking statements include the ability of G.E.T.T.obtain required regulatory approvals.
G.E.T.T Gold inc. 7055 TaschereauBlvd., suite 500, Brossard (Québec) J4Z 1A7
Tel: (450)510-4442 www.gettgold.com
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