CALGARY,
AB, Aug. 13, 2021 /CNW/ - Uravan Minerals Inc.
(TSXV: UVN) ("Uravan" or the "Company") announces
that it is proceeding with a consolidation (the
"Consolidation") of its common shares ("Common
Shares") based on ten (10) pre-Consolidation Common Shares
for one (1) post-Consolidation Common Share. The Consolidation was
approved by the shareholders of the Company at the Company's annual
general and special meeting of shareholders held on May 22, 2020.
The Common Shares will commence trading on the TSX Venture
Exchange (the "TSXV") on a consolidated basis at the opening
of markets on August 16, 2021, under
its current TSXV trading symbol, "UVN", and under the new
post-Consolidation CUSIP and ISIN numbers of 91703R208 and
CA91703R2081, respectively.
The Consolidation will reduce the number of outstanding Common
Shares from 47,329,012 to approximately 4,732,901, subject to
rounding. No fractional Common Shares will be issued pursuant to
the Consolidation and any fractional shares that would have
otherwise been issued will be rounded down to the next lowest whole
number.
Letters of transmittal have been mailed to the registered
shareholders of the Common Shares requesting that they forward
their pre-Consolidation share certificates to the Company's
transfer agent, Computershare Trust Company of Canada, to exchange such certificates for new
share certificates representing their Common Shares on a
post-Consolidation basis.
Shareholders who hold their shares through a broker or other
intermediary and do not have hold actual share certificates
registered in their name will not be required to complete and
return a letter of transmittal. Any pre-Consolidation Common Shares
owned by such shareholders will automatically be adjusted as a
result of the Consolidation to reflect the applicable number of
post-Consolidation Common Shares owned by them and no further
action is required to be taken by such shareholders.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Uravan Minerals Inc.