![]() ![]() Upon completion of the Share Consolidation, a letter of transmittal will be sent by mail to registered shareholders advising that the Share Consolidation has taken effect. No cash consideration will be paid in respect of fractional shares. All fractions of common shares will be rounded up or down to the nearest whole number. No fractional shares will be issued as a result of the Share Consolidation. The exercise price and the number of common shares issuable under any of the Company's outstanding warrants, stock options or other convertible securities will be proportionately adjusted upon the Consolidation. The Share Consolidation was approved by the board of directors of the Company as part of the Nasdaq listing process Following the Share Consolidation, the Company will have approximately 107,607,580 common shares issued and outstanding prior to rounding for fractional shares. The Company currently has 322,822,741 common shares issued and outstanding. This marks another important step in enCore's growth as it continues its work to become a leading United States ISR uranium development company." enCore is well positioned to provide a reliable, low carbon and domestic supply of fuel for the growing nuclear energy sector. With the commissioning of the Rosita Uranium Processing Plant to be completed in 2022 and planned production in 2023, increased exposure to the largest market in the world coincides with 2023 cash flow. Sheriffsaid, "The decision to list on the Nasdaq will provide enCore with greater visibility through a leading capital market trading platform that is suited for growth-oriented companies like enCore. Target date of Septemfor share consolidation noting the Company is actively working to complete the Nasdaq listing.ĮnCore's Executive Chairman William M.institutional investors to become shareholders of enCore The revised capital structure and resulting higher share price may provide increased ability for U.S. The resulting smaller share count and higher share price is more palatable to U.S. ![]() ![]() Uplisting from OTC to Nasdaq provides growth-oriented companies greater exposure to the largest capital market in the world.The common shares will trade on the TSX Venture Exchange on a post-consolidated basis effective at the open of markets on September 14, 2022. (" enCore" or the " Company") (TSXV: EU) (OTCQB: ENCUF) today announced that in connection with the application to list its common shares on The Nasdaq Stock Market LLC ("Nasdaq"), it will consolidate its common shares on a one (1) post-consolidation share for every three (3) current shares basis (the "Share Consolidation"). 12, 2022 /PRNewswire/ - enCore Energy Corp. ![]()
0 Comments
Leave a Reply. |