City View Green Holdings Inc. Announces Share Consolidation
- Consolidation provides increased flexibility for future financings and business transactions
- Maintains proportional adjustment of all outstanding options and warrants
- No change in company name or trading symbol, maintaining brand consistency
- Significant reduction in total outstanding shares may impact trading liquidity
- Potential market adjustment period as investors adapt to new share structure
- No immediate business benefit or value creation for shareholders
Toronto, Ontario--(Newsfile Corp. - June 16, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (FSE: CVY) (the "Company" or "City View"), announces that subject to the approval of the Canadian Securities Exchange (the "CSE"), the Company's board of directors has approved and will be undertaking a consolidation (the "Consolidation") of its common shares on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share. The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions.
No fractional common shares will be issued, and any fractional shares that would have otherwise been issued will be rounded down to the nearest whole number. The exercise or conversion price and the number of common shares issuable under any of the Company's outstanding options, warrants and other rights to acquire common shares will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.
The Company currently has 456,813,473 common shares outstanding and accordingly expects 45,681,347 common shares to be outstanding on completion of the Consolidation (subject to rounding adjustments and any further share issuances prior to the Consolidation). The Company does not expect to change its name or trading symbol in conjunction with the Consolidation. The Company will issue a further news release when the record date for the Consolidation has been set.
The CSE has in has neither approved nor disapproved the contents of this press release.
For further information, contact:
City View Green Holdings Inc.
Rob Fia, CEO & President Phone:
416.722.4994
Email: rob@cityviewgreen.ca
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information: This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets and delays in the development of projects. Although the Company has a tempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255763
FAQ
What is the share consolidation ratio announced by City View Green Holdings (CVGRF)?
How many shares will City View Green Holdings (CVGRF) have after the consolidation?
Will CVGRF's stock options and warrants be affected by the share consolidation?
Why is City View Green Holdings (CVGRF) implementing a share consolidation?
Will City View Green Holdings change its name or trading symbol after the consolidation?
