Vancouver, British Columbia–(Newsfile Corp. – April 5, 2024) – ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the “Firm” or “ParcelPal“), publicizes that it intends to consolidate the frequent shares of the Firm (every, a “Share“) on the premise of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation“). The Firm’s frequent shares are anticipated to begin buying and selling on the opening of the market on April 11, 2024 underneath the Firm’s image “PKG”. There is no such thing as a identify change or inventory image change in reference to the Consolidation. The brand new CUSIP quantity is 69938P205.
The Consolidation is topic to the approval of the Canadian Securities Change (the “CSE“). Presently, a complete of 278,040,454 Shares are issued and excellent. Accordingly, upon the Consolidation turning into efficient, a complete of 27,804,046 Shares, topic to changes for rounding, will probably be issued and excellent. There is no such thing as a most variety of approved Shares. The train or conversion value and the variety of Widespread Shares issuable underneath any of the Firm’s excellent inventory choices or Widespread Share buy warrants will probably be proportionately adjusted to mirror the Consolidation in accordance with the respective phrases thereof.
Computershare will mail out a Letter of Transmittal to the shareholders of document on April 12, 2024 offering directions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are inspired to ship their share certificates, along with their Letter of Transmittal, to Computershare in accordance with the directions within the Letter of Transmittal.
Shareholders who maintain their Widespread Shares by way of a dealer, funding vendor, financial institution or belief firm or different middleman ought to contact that nominee or middleman for help in depositing their Widespread Shares in reference to the Consolidation.
About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia primarily based firm that makes a speciality of last-mile supply service and logistics options. We’re a customer-driven, courier and logistics firm connecting folks and companies by way of our community of couriers. A few of our verticals embody pharmacy & well being, meal package deliveries, retail, groceries and extra.
ParcelPal Web site: www.parcelpal.com
Neither the CSE, the Securities and Change Fee nor every other securities regulatory authority has reviewed and don’t settle for accountability for the adequacy or accuracy of this information launch that has been ready by administration.
OTCQB – Image: PTNYF
CSE – Image: PKG
FSE – Image: PT0A
Contact Data
Investor Contact
[email protected]
T: (587) 883-9811
Firm Contact
[email protected]
T: (587) 883-9811
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