Agra Ventures Ltd (AGFAF)

[drugmanrx]

Another name for Reverse Split:

Intent to Consolidate Shares:

The Company’s Board of Directors and executive management team are pleased to announce the intent to complete a share consolidation (the “Share Consolidation”) in the near term. Pursuant to the Name Change and Re-Brand, as well as the previously announced evolution of the Company’s competitive strategy, the goal of the Share Consolidation is to simplify the equity component of Agra Ventures’ capital structure and accompany the recent improvements made to the liability component. The common share exchange ratio related to the upcoming Share Consolidation is yet to be determined and the Share Consolidation is subject to the approval of the CSE.

Each shareholder’s percentage ownership of the Company is expected to remain unchanged after the Share Consolidation, except for minor changes resulting from the treatment of any fractional common shares. For clarity, where the upcoming Share Consolidation may result in a shareholder being entitled to a fractional common share, the number of post-Share Consolidation common shares issued to such shareholder are expected to be rounded to the nearest whole number of common shares on a post-Share Consolidation basis.