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Juggernaut Expl. Ltd. (JUGRD)

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Last Post: 10/16/2019 9:05:52 AM - Followers: 0 - Board type: Free - Posts Today: 0



$JUGRF



https://juggernautexploration.com/wp-content/uploads/2019/07/Corporate-Presentation-Juggernaut-July-2019.pdf




















10 FOR 1 

SHARE CONSOLIDATION



https://juggernautexploration.com/wp-content/uploads/2019/10/Juggernaut-Share-Consolidation-Oct2-2019.pdf





 
JUGGERNAUT ANNOUNCES
SHARE CONSOLIDATION
Vancouver, British Columbia
October 2
, 2019
Juggernaut Exploration Ltd.
(TSX
-
V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE)
(the
“Company”
or
“Juggernaut”
)
announce
s
its
intention to consolidate its common
shares (“Shares”) on a 10
-
old
-
for
-
1
-
new share basis (the “Consolidation”).
The
105,225,564 Shares currently issued and outstanding will be reduced to approximately
10,522,556
post
-
Consolidation
Shares. No fractional shares will be issued under the Consolidation. Each fractional
share following the Consolidation that is less than one
-
half of a share will be cancelled and each fractional
share that is at least one
-
half of a share will be rounded
up to the nearest whole share. The exercise or
conversion price and the number of shares issuable under any of the Company’s outstanding stock options
and convertible instruments, as applicable, will be proportionately adjusted upon completion of the
Con
solidation. A letter of transmittal will be sent to registered shareholders providing instructions to
surrender the certificates evidencing their Shares for replacement certificates representing the number of
post
-
consolidation Shares to which they are en
titled as a result of the Consolidation. Until surrendered,
each certificate representing Shares prior to the Consolidation will be deemed for all purposes to
represent the number of Shares to which the holder thereof is entitled as a result of the Consol
idation.
The Board of Directors of the Company believes that the Consolidation is necessary to better position the
Company for future corporate development opportunities and financing transactions. There will be no
name change in conjunction with the Con
solidation.
The Consolidation is su
bject to the acceptance
of the TSX Venture Exchange
(the “Exchange”) and the pre
-
Consolidated Shares will continue to be traded on the Exchange under the current trading symbol “JUGR”.
Upon acceptance by the exchange, t
he Company’s trading symbol will remain the same but the CUSIP and
ISIN numbers will change upon the completion of the Consolidation.
For more information please contact:
Juggernaut Exploration Ltd.
Mr. Dan Stuart
President and Chief Executive
Officer
Tel: (604) 559
-
8028
www.juggernautexploration.com
@JuggernautExp
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.
 
 
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#1   JUGRF: effective Oct. 17,2019 a one for 10 Renee 10/16/19 09:05:52 AM
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