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Friday, February 15, 2019 11:05:22 AM
Dear Stockholder:
This Information Statement is furnished to holders of shares of common stock, par value $0.001 per share (the “Common Stock”), of MedCareers Group Inc. (the “Company”). Our Board of Directors approved on January 2, 2019, and recommended the approval by our stockholders, of the following corporate actions (“Corporate Actions”):
1.
To approve the increase in authorized share capital to 20,000,000,000 shares of common stock (“Common stock”) and change the par value of the Common Stock to $0.000001 (the “Common Stock Authorized Share Capital Increase”);
2.
To effectuate a 6000:1 reverse stock split of our issued and outstanding shares of Common Stock (the “Reverse Stock Split”); and
3.
To change the name of the Company to: The 4 Less Group Inc. (“Name Change”)
Certain of our stockholders, holding a majority of our voting power on January 3 rd , 2019 (the “Record Date”), approved the Corporate Actions by written consent in lieu of a special meeting of stockholders.
As a matter of regulatory compliance, we are sending to you this Information Statement which describes the purpose and provisions of the contemplated Corporate Action.
For the Board of Directors of
MEDCAREERS GROUP INC.
By: /s/Timothy Armes
Timothy Armes
President and CEO
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