(TheNewswire)
Manning Ventures Inc. Announces
Proposed Share Consolidation
VANCOUVER, BRITISHCOLUMBIA – TheNewswire - October 3, 2023 – ManningVentures Inc. ( “Manning” or the “Company” ) (CSE:MANN ) ( Frankfurt:1H5) announces that itintends to consolidate the common shares in the capital of the Company(the “ CommonShares ”) on a four (4)to one (1) basis. The Consolidation has been approved by theCompany’s board of directors in accordance with the Articles of theCompany but remains subject to the approval of the Canadian SecuritiesExchange (the " CSE "). The Company will issue a newsrelease announcing the effective date of the Consolidation uponreceiving approval from the CSE. The Common Shares will subsequently begin trading on a consolidated basis under theexisting Company name and trading symbol.
As currently contemplated, each four (4)pre-Consolidation Common Shares will automatically combine into onepost-Consolidation Common Share without any action on the part of theholders thereof. Following the completion of the proposedConsolidation, the Company is expected to have approximately22,687,241 post-Consolidation Common Shares issued and outstanding,subject to rounding for fractional Common Shares. No fractional CommonShares will be issued as a result of the Consolidation. In the event ashareholder would otherwise be entitled to receive a fractional CommonShare from the Consolidation, the number of post-Consolidation CommonShares to be received by such shareholder shall be rounded down to the next highest whole number ofpost-Consolidation Common Shares.
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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