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Blender Bites Limited — Share Issue/Capital Change 2020
Apr 17, 2020
45010_rns_2020-04-17_a287d10f-5a46-4bcf-9472-aeabaa3376f2.pdf
Share Issue/Capital Change
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REWARDSTREAM CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION
Vancouver, British Columbia, April 17, 2020 – RewardStream Solutions Inc. (TSXV: REW.H) (the “ Company ”) announces that effective at the close of business on April 21, 2020 it will consolidate its common share capital on a ten-for-one basis (the “ Consolidation ”). Effective at the opening of markets on April 22, 2020, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol “REW.H”.
The Consolidation is intended to make the capital structure of the Company more attractive to potential financing opportunities. The Company currently has 17,483,123 common shares outstanding, and following completion of the Consolidation it is expected that the Company will have approximately 1,748,312 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the Company will receive a letter of transmittal from Computershare Trust Company of Canada with instructions on how to exchange existing share certificates for new post-Consolidation share certificates.
For more information contact:
Joel Shacker, Chief Executive Officer [email protected] or 604-283-1722
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the completion of the Consolidation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive regulatory approvals. There can be no assurance that trading will be reinstated on the terms set forth above, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as required by law.