Smooth Rock Announces Share Consolidation
Rhea-AI Summary
Smooth Rock Ventures (OTC: SMRVF) announced a 2-for-1 share consolidation, effective market open on December 8, 2025. The company will reduce issued and outstanding common shares from 24,674,794 to an expected 12,337,398 (subject to rounding). No fractional shares will be issued: fractions under 1/2 will be cancelled and fractions at least 1/2 will be rounded up, with no cash paid for cancelled fractions.
The trading name and symbol remain the same; new CUSIP is 83268K306 and new ISIN is CA83268K3064. Registered shareholders will receive updated DRS statements; broker-held shares require no action.
Positive
- Share consolidation of 2-for-1 effective Dec 8, 2025
- Outstanding common shares reduced from 24,674,794 to 12,337,398
- Trading name and symbol remain unchanged (SMRVF)
- Broker-held common shares consolidated automatically with no action required
Negative
- Fractional shares under 1/2 will be cancelled with no cash paid
- Share rounding may change individual holdings due to rounding rules
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Smooth Rock Ventures Corp. (TSXV: SMRV) (OTC Pink: SMRVF) ("Smooth Rock" or the "Company") announces a consolidation of its common shares on a two (2) for one (1) basis (the "Share Consolidation").
The TSX Venture Exchange ("TSXV") has accepted the Share Consolidation and the Company's common shares will commence trading, effective market open on December 8, 2025 (the "Effective Date"), on the TSXV on a post-Share Consolidation. The Company currently has 24,674,794 common shares issued and outstanding. Following the Share Consolidation, the Company expects to have 12,337,398 common shares, subject to rounding, issued and outstanding. No fractional common shares will be issued pursuant to the Share Consolidation. Each fractional common share that is less than one-half (1/2) of a common share will be cancelled and each fractional common share that is at least one-half (1/2) of a common share will be rounded up to the nearest whole common share and no cash consideration will be paid in respect of cancelled fractional common shares. The name of the Company and trading symbol will remain the same after the Share Consolidation.
On the Effective Date, the new CUSIP number of the Company's common shares will be 83268K306 and the new ISIN will be CA83268K3064. Registered shareholders holding Direct Registration System ("DRS") statements will receive new DRS statements representing post-Share Consolidation common shares directly from the transfer agent of the Company and the Company will communicate directly with registered shareholders holding share certificates to explain the process for exchange. Common Shares held by shareholders through brokerage accounts will also be consolidated with no action required by such shareholders.
Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company, the Share Consolidation was approved by way of resolutions passed by the board of directors of the Company.
FOR MORE INFORMATION PLEASE CONTACT:
Christos Doulis, CEO & Director
Tel: 647 924-1083
Email: info@smoothrockventures.com
Website: www.smoothrockventures.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276637
FAQ
What does the Smooth Rock (SMRVF) 2-for-1 share consolidation mean for my shares?
When will Smooth Rock (SMRVF) shares trade on a post-consolidation basis?
Will Smooth Rock (SMRVF) change its trading symbol or company name after the consolidation?
What happens to fractional Smooth Rock (SMRVF) shares after the consolidation?
Do Smooth Rock (SMRVF) shareholders holding shares through a broker need to act for the consolidation?
Will Smooth Rock (SMRVF) issue new CUSIP or ISIN numbers after the consolidation?
