Vancouver, British Columbia, Feb. 16 2022 (GLOBE NEWSWIRE) — Forty Pillars Mining Corp. (the “Company” or “Forty Pillars”) (CSE: PLLR) announces that February 22, 2022 will be the effective date of the Reverse Stock Split of the company on the basis of 2 old shares for one new share. The name of the Company will not be changed and the stock symbol will remain the same. The 28,985,174 outstanding common shares of the Company will be consolidated into approximately 14,492,587 outstanding shares. The post-consolidated ordinary shares will have a new CUSIP: 349801209 / ISIN CA3498012093.
The company’s transfer agent, Endeavor Trust Corporation, will not send a letter of transmittal for the consolidation because only one position has been certified, but will send new DRS notices reflecting the consolidation to all shareholders holding DRS.
About forty pillars
Forty Pillars Mining Society. is a Vancouver, British Columbia-based mining exploration company focused on exploring the Silver Dollar Project located in the Greenwood Mining Division, British Columbia.
For more information please contact:
Nader Vatanchi, CEO
Caution Regarding Forward-Looking Statements: Certain information contained in this release may constitute “forward-looking information” within the meaning of Canadian securities laws. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions it believes to be reasonable. However, the forward-looking statements contained in this release, including, without limitation, statements relating to the Company’s exploration programs, development plans for the Company’s mineral properties and the impact of the consolidation of shares, are subject to numerous risks, uncertainties and other factors that could cause future results to differ materially from those expressed or implied by such forward-looking statements. These uncertainties and risks include, but are not limited to, financing risks, delays in obtaining or failure to obtain required regulatory approvals, legislative, environmental and other legal, regulatory, political or competitive developments. , exploration and exploitation difficulties, the timing of future business expenditures, the potential of the Company’s mineral properties and changes in economic or financial market conditions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. ‘required.
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release.