March 23, 2020 – Vancouver, British Columbia – Arbor Metals Corp. (the “Company”)(TSXV: ABR) announces that it will undertake a forward share split (the “Share Split”) on the basis of two-and-one-half additional common shares for every one common share currently outstanding.
The record date for the Share Split will be March 27, 2020. The Company’s common shares will begin trading on a post-Share Split basis, under the existing ticker symbol, effective at the open of markets on March 26, 2020.
The Share Split is being conducted on a push-out basis. DRS statements for the additional shares resulting from the Share Split will be mailed to shareholders of record as of March 27, 2020 by the Company’s transfer agent, Odyssey Trust Company. Shareholders of the Company do not need to take any action with respect to the Share Split, and there is no change to the Company’s CUSIP and ISIN in connection with the Share Split. Following completion of the Share Split, the Company will have approximately 47,570,075 common shares outstanding.
For further information, contact Mark Ferguson, Chief Executive Officer, at firstname.lastname@example.org, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the effective dates for the implementation of the Share Split, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.