Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Eureka Lithium Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka Lithium" or "Eureka" or the "Company") is pleased to announce, further to its news release of June 14, 2024, that the Company's common shares ("Common Shares") commenced trading on a consolidated basis, with one (1) post-consolidated Common Share outstanding for every ten (10) pre-consolidated Common Shares (the "Consolidation"), effective at the opening of trading today, June 19, 2024 (the "Record Date").
As a result of the Consolidation a total of 5,175,462 Common Shares are issued and outstanding, subject to adjustments for rounding, on the basis of each fractional share of less than 0.5 being cancelled and each fractional common share of 0.5 or greater being rounded to one whole Common Share. Neither the name nor the trading symbol of the Company have changed. A new CUSIP number has been issued for the post-consolidation Common Shares, being 298596206.
The exercise or conversion price, as applicable, and the number of Common Shares issuable under any of the Company's outstanding convertible instruments, have been proportionately adjusted as a result of the Consolidation.
Shareholders of record as of the Record Date who hold Common Shares represented by a physical certificate or DRS statement will receive a letter of transmittal from the Company's transfer agent, Odyssey Trust Company, with instructions on how to exchange existing certificates or DRS statements for certificates or DRS statements representing Common Shares on a post-Consolidation basis.
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About Eureka Lithium Corp.
Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.
For more information please contact:
DJ Bowen
Chief Executive Officer
Email: info@eurekalithiumcorp.com
Cautionary Statement
Certain statements contained in this news release, including statements which may contain words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts. Such forward-looking statements reflect management's expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.