Quadro Sources Ltd. (“Quadro” or the “Firm”) (TSXV: QRO, FRA: G4O2) pronounces that efficient Tuesday November 22, 2022 the widespread shares of the Firm will commerce on the TSX Enterprise Trade on a consolidated foundation of 1 (one) post-consolidation share for each 3 (three) pre-consolidation shares (the “Consolidation”).
The Board of Administrators believes that the Consolidation is critical to higher place the Firm for future company improvement alternatives and financing transactions. There might be no title change at the side of the Consolidation.
The Firm at the moment has 83,534,774 widespread shares issued and excellent; following the Consolidation the Firm may have roughly 27,844,925 widespread shares issued and excellent, and can proceed to commerce underneath the present inventory image “QRO.V”.
The train or conversion value and the variety of widespread shares issuable underneath any of the Firm’s excellent warrants and inventory choices might be proportionately adjusted to replicate the Consolidation in accordance with their respective phrases. No fractional widespread shares might be issued pursuant to the Consolidation, and any fractional widespread shares that will in any other case be issued might be rounded down or as much as the closest entire quantity.
ABOUT QUADRO RESOURCES
Quadro is a publicly traded mineral exploration firm. It’s led by an skilled and profitable administration workforce and is targeted on exploring for gold in North America. The Firm’s shares commerce on the TSX Enterprise Trade underneath the image “QRO”. Quadro owns a 100% curiosity within the Staghorn property, which it has optioned to TRU Treasured Metals Corp., has an choice to earn a 100% curiosity within the Lengthy Lake and Careless Cove properties, and has an choice to earn an preliminary 51% curiosity within the Tulks South Property, in Newfoundland.
On behalf of the board of administrators,
Quadro Sources Ltd.
“T. Barry Coughlan”
President and CEO
Tel (604) 644-9561
data@quadroresources.com
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
