Lithium Lion Metals Inc. (CSE:LLM) has announced a significant consolidation of its issued and outstanding common shares, aiming to enhance appeal to potential investors. The board of directors approved the share consolidation—one new post-consolidated share for every ten pre-consolidated shares—on January 11, 2024. The record date is set for January 19, 2024, with the trading of post-consolidated shares expected to begin around January 18, 2024, pending final approvals.
Shareholders will receive new shares automatically, and the total outstanding shares will decrease to approximately 8,381,64 post-consolidation. Fractional shares will be rounded to the nearest whole number, and convertible securities will be adjusted accordingly.
Lithium Lion Metals Inc. is currently engaged in the exploration of the 113N Project in Quebec, focusing on mineral exploration activities.
For further assistance, shareholders are advised to contact their intermediaries with any questions regarding the consolidation process.
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