Steep Hill Announces Consolidation
Steep Hill Announces Consolidation
Toronto, Ontario--(Newsfile Corp. - December 1, 2023) - Steep Hill Inc. (CSE: STPH) (the "Company") announces that it will be effecting a share consolidation of its issued and outstanding common shares ("Common Shares") on a one (1) post-consolidation Common Share for every fifteen (15) pre-consolidation Common Shares (the "Consolidation"). Shareholders of the Company approved the Consolidation at the Company's annual and special shareholder meeting held on July 28, 2023.
安大略省多倫多--（新聞文件公司-2023 年 12 月 1 日）- Steep Hill Inc （CSE：STPH）（the”公司“) 宣佈將對其已發行和流通的普通股進行股票合併（”普通股“) 合併後每十五 (15) 股合併前普通股可獲得一 (1) 股普通股（即”合併“)。公司股東在2023年7月28日舉行的公司年度和特別股東大會上批准了合併。
In relation to the Consolidation, the Company has obtained a new CUSIP (85832P208) and ISIN (CA85832P2089). There is no name change or stock symbol change in connection with the Consolidation.
就合併而言，該公司已獲得新的CUSIP（85832P208）和ISIN（CA85832P2089）。沒有與合併有關的名稱變更或股票代碼變更。
The Consolidation is subject to the approval of the Canadian Securities Exchange (the "CSE"). The Company's common shares are expected commence trading on the CSE on a consolidated basis on or about market open on December 8, 2023 under the Company's existing symbol "STPH".
合併須獲得加拿大證券交易所的批准（”案例“)。預計該公司的普通股將於2023年12月8日開市當天或前後在CSE合併開始交易，公司現有代碼爲 “STPH”。
The Consolidation will reduce the number of outstanding Common Shares from 242,844,610 to approximately 16,189,640. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options or Common Share purchase warrants will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded down to the nearest whole number.
合併將使已發行普通股的數量從242,844,610股減少到約16,189,640股。行使價或轉換價格以及根據公司任何已發行股票期權或普通股購買權證可發行的普通股數量將根據相應條款按比例進行調整，以反映合併情況。根據合併，將不發行任何部分普通股，本來可以發行的任何零股將四捨五入到最接近的整數。
Letters of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Capital Transfer Agency ULC, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company or other intermediary should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.
有關合並的送文函將郵寄給公司的註冊股東。根據送文函中提供的指示，所有持有實物證書的註冊股東都必須將各自代表合併前普通股的股票證書以及一份正確執行的送文函發送給公司的註冊機構和過戶代理人資本轉移機構ULC。通過經紀人、投資交易商、銀行或信託公司或其他中介機構持有普通股的股東應聯繫該被提名人或中介機構，以協助存入與合併相關的普通股。
ABOUT STEEP HILL
關於陡峭的山丘
Steep Hill is in the process of restructuring its business and is exploring strategic alternatives.
Steep Hill正在重組業務，並正在探索戰略替代方案。
For further information, please contact:
欲了解更多信息，請聯繫：
Sameet Kanade, CEO
Email: sameet.kanade@steephill.com
647-876-6525
首席執行官 Sameet Kanade
電子郵件： sameet.kanade@steephill.com
647-876-6525
Notice Regarding Forward-Looking Information
關於前瞻性信息的通知
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. Forward-looking statements in this news release include, but are not limited to, management's expectations with respect to the potential of the Transaction to contribute to the Company's growth. These statements are based upon assumptions that are subject to significant risks and uncertainties, including assumptions about the operations, financial condition and future performance of Steep Hill and the Company's business as a whole. Although the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including the impact of the ongoing COVID-19 pandemic on the Company's operations and growth plans. Although the Company's management believes that the expectations reflected in forward-looking statements are reasonable, the Company can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
本新聞稿中的信息包括某些信息和陳述，這些信息和陳述涉及管理層對構成前瞻性陳述的未來事件、預期、計劃和前景的看法。本新聞稿中的前瞻性陳述包括但不限於管理層對本次交易可能爲公司增長做出貢獻的預期。這些報表基於存在重大風險和不確定性的假設，包括對Steep Hill以及公司整體業務的運營、財務狀況和未來業績的假設。儘管根據目前獲得的信息，公司認爲這些假設是合理的，但它們可能被證明是不正確的，而且本新聞稿中的前瞻性陳述受到許多風險、不確定性和其他因素的影響，這些因素可能導致未來業績與此類前瞻性陳述中表達或暗示的業績存在重大差異，包括持續的 COVID-19 疫情對公司運營和增長計劃的影響。儘管公司管理層認爲前瞻性陳述中反映的預期是合理的，但公司無法保證任何前瞻性陳述的預期都會被證明是正確的。除非法律要求，否則公司不打算更新或修改任何前瞻性陳述以反映實際結果，無論是由於新信息、未來事件、假設變化、影響此類前瞻性陳述的因素的變化還是其他原因造成的。
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