Corsa Coal (TSXV:CSO) has given effect to the previously announced share consolidation of the issued and outstanding common shares in the capital of the company, which will begin trading on a post-consolidation basis on the TSX Venture Exchange as of the opening of markets today.
As quoted in the press release:
A letter of transmittal (the “Letter of Transmittal”) has been mailed to the registered shareholders of the Company providing instructions to surrender the certificates evidencing their Shares for replacement certificates representing the number of Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing pre-consolidation Shares prior to the Consolidation will be deemed for all purposes to represent the number of Shares to which the holder of that certificate is entitled as a result of the Consolidation.
A copy of the certificate of amendment effecting completion of the Consolidation and the Preferred Share Authorization and the Letter of Transmittal will be available on the Company’s SEDAR profile at www.sedar.com.