(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - October 5, 2023 – ManningVentures Inc. ( “Manning” or the “Company” ) (CSE:MANN ) ( Frankfurt:1H5) announces thatfurther to the Company’s news release dated October 3, 2023, theCompany will implement the previously announced consolidation of itscommon shares in the capital of the Company (the “ Shares ”) on thebasis of four (4) pre-consolidation Shares for every one (1)post-consolidation Share (the “ Consolidation ”) effective as of October 12,2023.
The Company name and trading symbol will remainunchanged after the Consolidation. The new CUSIP number will be56389K207 and the new ISIN number will be CA56389K2074 for thepost-Consolidation Shares.
The Company’s post-Consolidation Shares are expectedto begin trading on the Canadian Securities Exchange (the“ CSE ”) on or about October 12, 2023. The total issued andoutstanding number of Shares post-Consolidation will be approximately 22,687,241 , subject torounding for fractional Shares.
No fractional Shares will be issued in connection withthe Consolidation. In the event a holder of Shares would otherwise beentitled to receive a fractional Share in connection with theConsolidation, the number of Shares to be received by such shareholderwill be rounded down to the next whole number if that fractional Shareis less than one-half (1/2) of a Share, and will be rounded up to thenext whole number if that fractional Share is equal to or greater thanone-half (1/2) of a Share.
Registered shareholders that hold physical Sharecertificates will receive a letter of transmittal requesting that theyforward pre-Consolidation Share certificates to the Company's transferagent, Computershare Investor Services Inc. for exchange for new Share certificatesrepresenting Shares on a post-Consolidation basis. Shareholders whohold their Shares through a broker or other intermediary and do nothave Shares registered in their own name will not be required tocomplete a letter of transmittal.
About Manning
Manning is a lithium-focused exploration and development companyoperating in Canada. Manning’s project portfolio includes the BountyLithium Project, located in Quebec, and the Dipole Lithium Project,located in Newfoundland, in addition to over 65,000-hectares of highlyprospective ground in the emerging Leaf River Lithium Camp, locatingin Northern Quebec.
Onbehalf of the Board of Directors,
MANNING VENTURES INC.
“Alex Klenman”
Chief Executive Officer
This press release contains"forward-looking information" that is based on the Company'scurrent expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company's plans. The words"will", "anticipated", "plans" orother similar words andphrases are intended to identify forward-looking information.Forward-looking information is subject to known and unknown risks, uncertainties and other factorsthat may cause the Company's actual results, level of activity, performance, orachievements to be materially different from those expressed orimplied by such forward lookinginformation.
Neither theCanadian Securities Exchange nor its Regulation Services Provideraccept responsibility for the adequacy or accuracy of thisrelease.
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