Group 1 - The company, Graycliff Exploration Limited, announced a share consolidation on a one post-consolidation Common Share for every four pre-consolidation Common Shares basis [1] - The consolidation will reduce the number of outstanding Common Shares from 17,609,841 to approximately 4,402,460 [3] - The company has obtained a new CUSIP and ISIN for the shares, and the consolidation is subject to approval by the Canadian Securities Exchange [2] Group 2 - Registered shareholders will receive letters of transmittal and must send their pre-consolidation share certificates to the company's registrar and transfer agent [4] - Graycliff Exploration is focused on mineral exploration, particularly on its 1,468 hectares of land near the historic Shakespeare Gold Mine [5] - The company has drilled over 12,500 meters at the Shakespeare Project, with visible gold identified in multiple holes [5]
Graycliff Exploration Update re Proposed Consolidation