We announced today that the Company will host a meeting of shareholders on April 28, 2021. Bragg also announced today that the Company has filed an application to list its common shares on The Nasdaq Stock Market. Bragg is seeking authorization from shareholders to grant the board of directors the discretion to complete a share consolidation,?if necessary, in order to demonstrate compliance with the applicable Nasdaq initial listing price requirement.
The Circular seeks authorization for a range of ratios?up to?one (1) share for fifteen (15) shares. In the event a share consolidation is required to meet the applicable Nasdaq listing requirement, the Company will delay implementation of the consolidation until it believes that it has demonstrated to Nasdaq compliance with all other applicable requirements for initial listing. The consolidation would take effect a minimum of five business days prior to listing on Nasdaq.?
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Upon review, please let me know when we can discuss further.
Thanks,
Tim Dawson
Investor Relations
Exchange Tower
130 King St W, Suite 1968, Toronto, ON
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