VANCOUVER, BC, April 24,
2024 /CNW/ - Venerable Ventures Ltd. (the
"Company") (TSXV: VLV) announces that it intends to proceed
with a consolidation of its common shares with a ratio of two
pre-consolidation common shares for each one post-consolidation
common share (the "Consolidation"). The Company expects to
implement the Consolidation in the coming weeks and will
disseminate a further news release which will set out the effective
date for the Consolidation. The Consolidation is subject to
acceptance from the TSX Venture Exchange.
On behalf of the Board of Directors,
VENERABLE VENTURES LTD.
Alan MacDonald, Chief Executive
Officer
Phone: 604.609.6110
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to,
statements with respect to the transfer of the listing of the
Company to the NEX board and the anticipated resumption of trading.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties, uncertain capital markets; and delay or
failure to receive board, shareholder or regulatory approvals.
There can be no assurance that the Transaction will proceed on the
terms contemplated above or at all and that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
SOURCE Venerable Ventures Ltd.