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Hardcore Discoveries Ltd. — Share Issue/Capital Change 2023
Nov 17, 2023
47887_rns_2023-11-17_8be6c4c2-45a8-4581-86cb-900ca57e42a0.pdf
Share Issue/Capital Change
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Makara Mining Corp. Announces 10:1 Share Consolidation
Vancouver, British Columbia, Canada – November 17, 2023 – Makara Mining Corp. (CSE: MAKA ), (the “ Company ” or “ Makara ”), announces that the Company will consolidate its issued and outstanding common shares (“ Shares ”) at a ratio of ten (10) pre-consolidated Shares to one (1) post-consolidation Share (the “ Consolidation ”).
Effective at the open of markets on or about November 23, 2023, the Shares of the Company will trade on a postConsolidation basis under the existing ticker symbol and the new CUSIP: 56086L201 (ISIN: CA56086L2012). The Company currently has 60,311,235 Shares issued and outstanding. Following the Consolidation, there will be approximately 6,031,124 Shares issued and outstanding. No fractional Shares will be issued, and any fractions of a Share will be rounded to the nearest whole number of Shares. The exercise or conversion price and the number of Shares issuable under any of the Company’s outstanding convertible securities will be proportionately adjusted upon Consolidation.
Registered shareholders of the Company who hold common shares represented by a physical certificate or DRS Advice will receive a letter of transmittal from the transfer agent for the Company, Odyssey Trust Company, with instructions on how to exchange their existing certificate or DRS Advice for a post-Consolidation certificate or DRS Advice.
ABOUT MAKARA MINING CORP.
Makara Mining Corp. is a mineral exploration company focused on the acquisition, exploration and development of gold properties. Additional information about the Company is available at www.makaramining.com.
ON BEHALF OF THE BOARD of DIRECTORS
Patrick Morris Chief Executive Officer and Director
For further information please contact:
Email: [email protected] Website: www.makaramining.com Phone: 604-761-8597
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information Disclaimer
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation, including the anticipated completion of the Consolidation and the corporate objectives of the Company. Forwardlooking statements are necessarily based upon several 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, and uncertain capital markets. Readers are cautioned that 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.