Kolibri Global Energy Inc. Provides Corporate Update
16 Mai 2022 - 1:00PM
Business Wire
Kolibri Global Energy Inc. (the "Company") (TSX:KEI,
OTCQB: KGEIF) announces that that it has completed the previously
announced consolidation of all of its issued and outstanding common
shares (the “Shares”) on the basis of one (1)
post-consolidation Share for every ten (10) pre-consolidation
Shares held (the “Consolidation”).
Immediately prior to the Consolidation, the Company had
356,159,098 Shares issued and outstanding. Following the
Consolidation, the Company will have approximately 35,615,909
Shares issued and outstanding. The Shares will continue to be
listed on the Toronto Stock Exchange and are expected to begin
trading on a post-Consolidation basis when the market opens on May
19, 2022.
The Company's transfer agent, Computershare Investor Services
Inc., has sent a letter of transmittal to the registered holders
who hold their Shares in certificated form. The letter of
transmittal contains instructions on how to surrender Share
certificates representing pre-Consolidation Shares to the transfer
agent. The transfer agent will forward to each registered holder
who has sent the required documents a new Share certificate
representing the number of post-Consolidation Shares to which the
registered holder is entitled. Shareholders who hold their Shares
in book entry form (through a broker or another intermediary), they
will automatically receive their post-Consolidation Shares and they
will not receive, or be required to submit, a letter of
transmittal. Shareholders who hold their shares through an
intermediary are encouraged to contact their intermediaries if they
have any questions.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is an international energy company
focused on finding and exploiting energy projects in oil, gas and
clean and sustainable energy. Through various subsidiaries, the
Company owns and operates energy properties in the United States.
The Company's shares are traded on the Toronto Stock Exchange under
the stock symbol KEI and on the OTCQB under the stock symbol
KGEIF.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws and “forward-looking statements” as such
term is used in the United States, including statements regarding
the approval of the Consolidation by the TSX, and the date the
Shares will commence trading on a post-Consolidation basis.
Forward-looking information and statements are based on plans and
estimates of management and interpretations of data by the
Company's technical team at the date the data is provided and is
subject to several factors and assumptions of management, including
that the Company will be successful in obtaining approval for the
Consolidation from the TSX. Forward-looking information and
statements are subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results
to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking
information or statements in this news release to change or to be
inaccurate include, but are not limited to, the risk that any of
the assumptions on which such forward looking information is based
vary or prove to be invalid, the risk that the Consolidation will
not be approved by the TSX, and including all of the risks related
to the Company's business, financial condition, result of
operations and cash flows and those factors detailed from time to
time in the Company's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on sedar.com. The Company
undertakes no obligation to update these forward-looking
statements, other than as required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220516005400/en/
For further information, contact:
Wolf E. Regener +1 (805) 484-3613 Email:
wregener@kolibrienergy.com Website: www.kolibrienergy.com
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