King’s Bay Resources Corp. Announces Effective Date Of Share Consolidation
January 20, 2021
VANCOUVER, BRITISH COLUMBIA – January 20, 2021 – King’s Bay Resources Corp. (NEX: KBG.H), (FSE: KGB1) (the “Company”) announces that further to its News Release of December 10, 2020, the NEX Exchange has approved the consolidation of the common shares of the Company (each, a “Share”) on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Consolidation will become effective at the opening of the market on January 22, 2021. The Company’s symbol shall remain as “KBG”. Currently, a total of 68,810,214 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 6,881,021 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares.
Computershare Investor Services Inc. (“Computershare”) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.
For further information please contact:
President and CEO
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