HCANF - Halo Collective announces 1-for-5 share consolidation

• Halo Collective ( OTCQB:HCANF ) plans to consolidate all of its issued and outstanding common shares on the basis of one post-consolidation common share for every 5 pre-consolidation common shares.
• The consolidation was previously approved by the company's shareholders at the annual general and special meeting held on June 16, 2022.
• The consolidation is expected to result in the number of issued and outstanding common shares being reduced from 44,744,296 pre-consolidation common shares to approximately 8,948,859 post-consolidation common shares.
• No cash consideration will be paid in respect of fractional shares.
• The effective date for the consolidation and the new CUSIP and ISIN numbers is expected to be October 10, 2022.
• The consolidation is subject to the receipt of all required regulatory approvals, including the approval of the Neo Exchange Inc. and anticipates that its current trading symbol will remain unchanged.

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