Aranjin Resources has completed a share consolidation, reducing the number of issued and outstanding common shares by a factor of 40. This consolidation will become effective at market open on June 17, 2024, under the new CUSIP number 03853W200. The trading symbol remains unchanged. No fractional shares will be issued, with fractions rounded down to the nearest whole number. Shareholders holding shares in brokerage accounts need not take action, while registered shareholders must return their old certificates to Odyssey Trust Company to receive new ones. Warrants, options, and other convertible securities will be adjusted accordingly.
Aranjin Resources announces its intent to seek shareholder approval for a share consolidation at the upcoming annual general and special shareholder meeting on June 13, 2024, in Ulaanbaatar, Mongolia.
The proposed consolidation is at a ratio of up to 40 pre-consolidation shares for 1 post-consolidation share, reducing the total outstanding shares from 442,593,444 to 11,064,836 if approved. This move aims to facilitate the company's proposed listing on the Australian Stock Exchange and improve financing options. The consolidation is subject to approval by the TSX Venture Exchange and shareholder vote.
Shareholders can access meeting materials on SEDAR or the company's website.
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