RECHARGE RESOURCES ANNOUNCES SHARE CONSOLIDATION
16 Mai 2022 - 2:30PM
Recharge Resources Ltd. (“Recharge” or the “Company”) (RR:
CSE) (SLLTF: OTC) (SL5: Frankfurt)
announces it plans to consolidate all of the Company's issued and
outstanding common shares on the basis of ten (10)
pre-consolidation shares for one (1) post-consolidated share.
The Company currently has 134,147,916 common
shares issued and outstanding and, upon the consolidation being
completed, will have approximately 13,414,791 common shares issued
and outstanding. The Company does not intend to change its name in
connection with the consolidation, although its CUSIP number and
ISIN will change.
The Company will issue a further news release
notifying shareholder as to when the effective date of the
consolidation.
About Recharge Resources
Recharge Resources is a Canadian mineral
exploration company focused on exploring and developing the
production of high-value battery metals to create green, renewable
energy to meet the demands of the advancing electric vehicle and
fuel cell vehicle market.
On Behalf of the Board of Directors,
“David Greenway”
David Greenway, CEO
For further information, please contact:
Recharge Resources Ltd.Mr. Joel WarawaPhone:
778-588-5473E-Mail: info@recharge-resources.comWebsite: recharge-resources.com
Neither the Canadian Securities Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or
accuracy of this release.
Disclaimer for Forward-Looking
InformationCertain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding Recharge’s intention to continue to identify
potential transactions and make certain corporate changes and
applications. Forward looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits Recharge
will obtain from them. These forward-looking statements reflect
managements’ current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause actual results to differ
materially from those expressed or implied by the forward-looking
statements, including Recharge’s results of exploration or review
of properties that Recharge does acquire. These forward-looking
statements are made as of the date of this news release and
Recharge assumes no obligation to update these forward-looking
statements, or to update the reasons why actual results differed
from those projected in the forward-looking statements, except in
accordance with applicable securities laws.
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