Lithium Lion Metals Inc. Share Consolidation Notice
Lithium Lion Metals Inc. (CSE:LLM) (OTC:GLIOF) (FSE:2BC) has announced a significant consolidation of its common shares. The Company plans to consolidate its shares on a 1-for-10 basis, aiming to enhance attractiveness to new investors. This move was approved by the board of directors on January 11, 2024, and the shares will start trading post-consolidation on the Canadian Securities Exchange around January 18, 2024.
Details on the Share Consolidation
The current count of 83,816,486 Pre-Consolidated Common Shares will be brought down to roughly 8,381,64 Post-Consolidated Common Shares. Shareholders will not be required to take any action as Post-Consolidated Common Shares will be automatically issued. DRS statements will be sent via Endeavor Trust Corporation, and those holding shares through intermediaries should reach out to their intermediaries for further information.
The Consolidation means no fractional shares will be distributed. Fractions of a share will be rounded to the nearest whole number, and conversely, convertible securities will be adjusted according to the Consolidation rate.
About Lithium Lion Metals Inc.
Lithium Lion Metals Inc. is dedicated to exploring mineral projects, notably the 113N Project in Bartouille and Ducros Townships, Quebec. David Beck, as the Interim Chief Executive Officer, leads the Company from their headquarters in Vancouver, British Columbia.
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