(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 27, 2024 -Inspiration Energy Corp. (the "Company" or"Inspiration") (CSE: ISP) announces further to a news release dated June 17, 2024,the Company has received Canadian Securities Exchange (CSE) approvalfor the consolidation of its shares on the basis of a one (1)post-consolidated share for each five (5) pre-consolidated shares (the“Consolidation”)
The Consolidation was approved by a directors’resolution dated June 17, 2024. The name of the Company and tradingsymbol (ISP) will remain the same after the Consolidation. TheCompany’s CUSIP number has been changed to 457702207 and its newISIN number will be CA4577022078.
Effective at the opening on June 28, 2024, the commonshares of the Company will commence trading on the CSE on aconsolidated basis. Following Consolidation, the Company will have9,622,729 common shares issued and outstanding and 15,358,212 on afully diluted basis.
The Consolidation will affect all shareholders of theCompany uniformly and affect all of the Company’s stock options andwarrants issued and outstanding at the effective date. At the time ofthe Consolidation, the number, exchange basis or exercise price of allstock options and warrants issued and outstanding will be adjusted toreflect the Consolidation. The actual adjustment will be made by theCompany in consultation with its advisors.
A transmittal process to receive new share certificates/ DRS advices through the Company’s transfer agent, Endeavor TrustCorporation will be facilitated. Shareholders holding theirInspiration shares through a broker will be adjustedautomatically.
Correction to June 17, 2024 News Release
In its June 17, 2024 news release, the Companyinadvertently identified the consolidation ratio as “ten (5) to one(1)” in one part of the news release and would like to confirm thatthe correct ratio is five (5) to one (1).
About Inspiration Energy Corp.
Inspiration Energy Corp. is engaged in the business ofmineral exploration and the acquisition of mineral property assets inCanada. Its objective is to locate and develop properties of merit andto conduct exploration on the Company’s properties. For moreinformation, please refer to the Company's information available onSEDAR+ ( www.sedarplus.ca ).
On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: info@inspiration.energy
Neither the Canadian Stock Exchange nor its RegulationServices Provider accepts responsibility for the adequacy or accuracyof this news release.
FORWARD LOOKING STATEMENTS: This news release containsforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees and aresubject to risks and uncertainties that may cause future results todiffer materially from those expected. These forward-lookingstatements are made as of the date hereof and, except as requiredunder applicable securities legislation, the Company does not assumeany obligation to update or revise them to reflect new events or circumstances. All of the forward-lookingstatements made in this press release are qualified by thesecautionary statements and by those made in our filings with SEDAR+ inCanada (available at www.sedarplus.ca ).
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