Sienna Resources Inc.: Corporate Update
Sienna Resources Inc. (SNNAF) has received approval from the TSX Venture Exchange for a 10-to-1 share consolidation, effective May 13, 2025. Following the consolidation, the company's trading symbol will change to "SIEN" on the Exchange. The company's current 202,668,871 outstanding common shares will be reduced to approximately 20,266,887 shares.
No fractional shares will be issued in the consolidation process. Fractional shares less than one-half will be cancelled, while those at least one-half will be rounded up. Registered shareholders will receive instructions from Computershare Investor Services Inc. regarding the exchange of share certificates. The exercise price and number of shares issuable through outstanding options, warrants, and convertible debentures will be proportionally adjusted.
Sienna Resources Inc. (SNNAF) ha ottenuto l'approvazione dalla TSX Venture Exchange per un raggruppamento azionario 10 a 1, con effetto dal 13 maggio 2025. Dopo il raggruppamento, il simbolo di negoziazione della società cambierà in "SIEN" sull'Exchange. Le attuali 202.668.871 azioni ordinarie in circolazione saranno ridotte a circa 20.266.887 azioni.
Non saranno emesse azioni frazionarie durante il processo di raggruppamento. Le azioni frazionarie inferiori a metà saranno annullate, mentre quelle pari o superiori a metà saranno arrotondate per eccesso. Gli azionisti registrati riceveranno istruzioni da Computershare Investor Services Inc. riguardo lo scambio dei certificati azionari. Il prezzo di esercizio e il numero di azioni emettibili tramite opzioni, warrant e obbligazioni convertibili in essere saranno adeguati proporzionalmente.
Sienna Resources Inc. (SNNAF) ha recibido la aprobación de la TSX Venture Exchange para una consolidación de acciones 10 a 1, que entrará en vigor el 13 de mayo de 2025. Tras la consolidación, el símbolo de cotización de la compañía cambiará a "SIEN" en la Bolsa. Las actuales 202,668,871 acciones comunes en circulación se reducirán a aproximadamente 20,266,887 acciones.
No se emitirán acciones fraccionarias en el proceso de consolidación. Las acciones fraccionarias menores a la mitad serán canceladas, mientras que las que sean al menos la mitad se redondearán hacia arriba. Los accionistas registrados recibirán instrucciones de Computershare Investor Services Inc. sobre el intercambio de certificados de acciones. El precio de ejercicio y el número de acciones emitibles a través de opciones, warrants y bonos convertibles vigentes se ajustarán proporcionalmente.
Sienna Resources Inc. (SNNAF)는 2025년 5월 13일부터 효력이 발생하는 10대 1 주식 병합에 대해 TSX 벤처 거래소의 승인을 받았습니다. 병합 후 회사의 거래 심볼은 거래소에서 "SIEN"으로 변경됩니다. 현재 202,668,871주 발행 보통주는 약 20,266,887주로 줄어듭니다.
병합 과정에서 소수 주식은 발행되지 않습니다. 절반 미만의 소수 주식은 취소되고, 절반 이상인 경우 반올림됩니다. 등록 주주들은 Computershare Investor Services Inc.로부터 주식 증서 교환에 관한 안내를 받게 됩니다. 미행사 옵션, 워런트, 전환사채를 통한 발행 주식 수와 행사가격은 비례하여 조정됩니다.
Sienna Resources Inc. (SNNAF) a reçu l'approbation de la TSX Venture Exchange pour une consolidation d'actions au ratio de 10 pour 1, effective à partir du 13 mai 2025. Suite à cette consolidation, le symbole boursier de la société changera en "SIEN" sur la Bourse. Les 202 668 871 actions ordinaires en circulation seront réduites à environ 20 266 887 actions.
Aucune action fractionnaire ne sera émise lors du processus de consolidation. Les fractions d'actions inférieures à la moitié seront annulées, tandis que celles d'au moins la moitié seront arrondies à l'unité supérieure. Les actionnaires enregistrés recevront des instructions de Computershare Investor Services Inc. concernant l'échange des certificats d'actions. Le prix d'exercice et le nombre d'actions pouvant être émises via les options, bons de souscription et obligations convertibles en circulation seront ajustés proportionnellement.
Sienna Resources Inc. (SNNAF) hat von der TSX Venture Exchange die Genehmigung für eine 10-zu-1 Aktienzusammenlegung erhalten, die ab dem 13. Mai 2025 wirksam wird. Nach der Zusammenlegung wird sich das Handelssymbol des Unternehmens an der Börse auf "SIEN" ändern. Die derzeit 202.668.871 ausstehenden Stammaktien werden auf etwa 20.266.887 Aktien reduziert.
Bruchstücke von Aktien werden im Rahmen der Zusammenlegung nicht ausgegeben. Bruchteile unter der Hälfte werden storniert, während Bruchteile von mindestens der Hälfte aufgerundet werden. Eingetragene Aktionäre erhalten von Computershare Investor Services Inc. Anweisungen zum Umtausch der Aktienzertifikate. Der Ausübungspreis und die Anzahl der durch ausstehende Optionen, Warrants und wandelbare Schuldverschreibungen auszugebenden Aktien werden proportional angepasst.
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Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0), (the "Company" or "Sienna") announces that, further to the Company's news release dated April 29, 2025, the TSX Venture Exchange (the "Exchange") has approved the consolidation of the Company's issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every ten currently outstanding Shares (the "Consolidation"). The Consolidation will be effective at the opening of the market on May 13, 2025. Pursuant to the provisions of the Business Corporations Act (BC) and the articles of the Company, the Consolidation was approved by way of resolution passed by the board of directors of the Company.
Effective May 13, 2025, the Shares of the Company will commence trading under the new trading symbol "SIEN" on the Exchange. The Company's name will remain unchanged following the Consolidation. The new CUSIP number will be 82621E205 and the new ISIN will be CA82621E2050 for the Post-consolidated Shares. The Company currently has 202,668,871 common shares issued and outstanding, and after the Consolidation is effective there will be approximately 20,266,887 common shares issued and outstanding.
No fractional Post-consolidated Shares will be issued as a result of the Consolidation. As required under the Business Corporations Act (BC), any fractional Shares remaining after the Consolidation that are less than one half of a Share will be cancelled and any fractional Shares that are at least one half of a Share will be rounded up to one whole Share. Registered shareholders of record as of the effective date who hold physical share certificates will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions on how to exchange for new share certificates representing Post-consolidated Shares. Beneficial shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own names will not be required to complete a letter of transmittal.
The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the Consolidation in accordance with the terms thereof.
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.
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com
"Jason Gigliotti"
President, Director
Sienna Resources Inc.
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that the Company intends to consolidate its share capital. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not obtain approval for the Consolidation from the Exchange. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251504
FAQ
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