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Koios Beverage Corp. — Share Issue/Capital Change 2021
Oct 20, 2021
47069_rns_2021-10-20_10bcac6d-4ffa-4305-9dd4-bc0f15cbf53d.pdf
Share Issue/Capital Change
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Form 51-102F3
Material Change Report
Item 1 Name and Address of Company
Koios Beverage Corp. (the “Company”)
810 – 789 West Pender Street Vancouver, British Columbia V6C 1H2
Item 2 Date of Material Change
October 19, 2021
Item 3 News Release
The news release was disseminated on October 14, 2021 by way of the facilities of Stockwatch. The news release was also filed on SEDAR and posted to the Company’s disclosure hall with the CSE.
Item 4 Summary of Material Change
The Company announced that it will be consolidating all of its issued and outstanding share capital on a ten (10) to one (1) basis. The Company also announced that it will change its ticker symbol from “KBEV” to “FIT”.
Item 5 Full Description of Material Change Item 5.1 Full Description of Material Change
The Company announced that, pursuant to a directors’ resolutions, the Company will be consolidating all of its issued and outstanding share capital (the “Common Shares”) on the basis of every ten (10) old Common Shares into one (1) new Common Share (the “Share Consolidation”) effective October 19, 2021 (the “Effective Date”). On the Effective Date, the Company will also change its ticker symbol on the Canadian Securities Exchange (the “CSE”) from “KBEV” to “FIT”.
As a result of the Share Consolidation, the outstanding Common Shares of the Company will be reduced to approximately 8,683,467. Any fractional shares remaining after giving effect to the Share Consolidation will be cancelled.
New ISIN: CA5002712001 New CUSIP: 500271200
The Common Shares are expected to begin trading on a post-consolidation basis on the CSE under the new ticker symbol “FIT” when markets open on October 19, 2021.
Shareholders of record as at the Effective Date will receive a letter of transmittal providing instructions for the exchange of their Common Shares as soon as practicable following the Effective Date.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable.
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7
Omitted Information
Not applicable.
Item 8
Executive Officer
Chris Miller, director and CEO Business Telephone: 844-255-6467
Item 9 Date of Report
October 19, 2021