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StrikePoint Gold Inc. Share Consolidation: Effective Date Announcement

kent-jackson by kent-jackson
October 16, 2024
in News
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StrikePoint Gold Inc. Share Consolidation: Effective Date Announcement
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StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced the effective date for its previously disclosed share consolidation. The consolidation, subject to TSX Venture Exchange approval, will take effect at market opening on October 18, 2024. The consolidation ratio is set at ten (10) pre-consolidation shares for one (1) post-consolidation share.

Following the consolidation, StrikePoint will have approximately 26,389,420 common shares issued and outstanding. The company’s name and trading symbol will remain unchanged. However, new CUSIP and ISIN numbers will be assigned to the post-consolidation shares: CUSIP: 86332K400 and ISIN: CA86332K4000.

Positive

  • Share consolidation may potentially increase share price and attract new investors
  • Reduction in outstanding shares from approximately 263,894,200 to 26,389,420
  • Increased focus on precious metals resources in the Western United States and in Canada

Negative

  • Potential short-term market volatility due to share consolidation
  • No change in company’s overall market capitalization

10/16/2024 – 07:30 AM

Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange approval, the previously announced consolidation of the Company’s outstanding common shares on the basis of ten (10) pre-consolidation shares for one (1) post-consolidation share (the “Consolidation”) will become effective at the market opening on October 18, 2024. Following the Consolidation, the Company will have approximately 26,389,420 common shares issued and outstanding. The Company’s name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 86332K400 and the new ISIN number will be CA86332K4000 for the post-Consolidation shares.

About StrikePoint

StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. The consolidation aligns with the company’s strategic goals to enhance its position in the market.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

“Michael G. Allen”

Michael G. Allen
President, Chief Executive Officer & Director

Cautionary Statement on Forward-Looking Information

Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “speculates”, “could” or “would”. These forward-looking statements or information relate to, among other things: the completion of the Private Placement and the Consolidation; the intended use of proceeds from the Private Placement; and the receipt of all necessary approvals for the completion of the Private Placement and the Consolidation, including the approval of the TSX Venture Exchange.

FAQ

When will StrikePoint Gold Inc. (STKXF) implement its share consolidation?

StrikePoint Gold Inc. (STKXF) will implement its share consolidation at market opening on October 18, 2024, subject to TSX Venture Exchange approval.

What is the consolidation ratio for StrikePoint Gold Inc. (STKXF) shares?

The consolidation ratio for StrikePoint Gold Inc. (STKXF) shares is ten (10) pre-consolidation shares for one (1) post-consolidation share.

How many outstanding shares will StrikePoint Gold Inc. (STKXF) have after the consolidation?

After the consolidation, StrikePoint Gold Inc. (STKXF) will have approximately 26,389,420 common shares issued and outstanding.

Will StrikePoint Gold Inc. (STKXF) change its name or trading symbol after the consolidation?

No, StrikePoint Gold Inc. (STKXF) will not change its name or trading symbol after the share consolidation.

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StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced the effective date for its previously disclosed share consolidation. The consolidation, subject to TSX Venture Exchange approval, will take effect at market opening on October 18, 2024. The consolidation ratio is set at ten (10) pre-consolidation shares for one (1) post-consolidation share.

Following the consolidation, StrikePoint will have approximately 26,389,420 common shares issued and outstanding. The company’s name and trading symbol will remain unchanged. However, new CUSIP and ISIN numbers will be assigned to the post-consolidation shares: CUSIP: 86332K400 and ISIN: CA86332K4000.

Positive

  • Share consolidation may potentially increase share price and attract new investors
  • Reduction in outstanding shares from approximately 263,894,200 to 26,389,420
  • Increased focus on precious metals resources in the Western United States and in Canada

Negative

  • Potential short-term market volatility due to share consolidation
  • No change in company’s overall market capitalization

10/16/2024 – 07:30 AM

Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (“StrikePoint” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange approval, the previously announced consolidation of the Company’s outstanding common shares on the basis of ten (10) pre-consolidation shares for one (1) post-consolidation share (the “Consolidation”) will become effective at the market opening on October 18, 2024. Following the Consolidation, the Company will have approximately 26,389,420 common shares issued and outstanding. The Company’s name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 86332K400 and the new ISIN number will be CA86332K4000 for the post-Consolidation shares.

About StrikePoint

StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada. The consolidation aligns with the company’s strategic goals to enhance its position in the market.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

“Michael G. Allen”

Michael G. Allen
President, Chief Executive Officer & Director

Cautionary Statement on Forward-Looking Information

Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “speculates”, “could” or “would”. These forward-looking statements or information relate to, among other things: the completion of the Private Placement and the Consolidation; the intended use of proceeds from the Private Placement; and the receipt of all necessary approvals for the completion of the Private Placement and the Consolidation, including the approval of the TSX Venture Exchange.

FAQ

When will StrikePoint Gold Inc. (STKXF) implement its share consolidation?

StrikePoint Gold Inc. (STKXF) will implement its share consolidation at market opening on October 18, 2024, subject to TSX Venture Exchange approval.

What is the consolidation ratio for StrikePoint Gold Inc. (STKXF) shares?

The consolidation ratio for StrikePoint Gold Inc. (STKXF) shares is ten (10) pre-consolidation shares for one (1) post-consolidation share.

How many outstanding shares will StrikePoint Gold Inc. (STKXF) have after the consolidation?

After the consolidation, StrikePoint Gold Inc. (STKXF) will have approximately 26,389,420 common shares issued and outstanding.

Will StrikePoint Gold Inc. (STKXF) change its name or trading symbol after the consolidation?

No, StrikePoint Gold Inc. (STKXF) will not change its name or trading symbol after the share consolidation.

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