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Honey Badger Silver Announces Share Consolidation Effective Date

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Honey Badger Silver Announces Share Consolidation Effective Date

 

 

 

 

 

Honey Badger Silver Inc. (TSX-V: TUF) is pleased to announce the receipt of the final approval of TSX Venture Exchange, on the consolidation of its common shares on the basis of one post-consolidation common share for every 5.7 pre-consolidation common shares issued and outstanding. The Consolidation will be effective at the open of the market on Friday, January 20, 2023.

 

 

The share consolidation was previously approved by the shareholders of the Company’s at the annual general and special meeting held on December 15, 2022.

 

As of the date of this news release, the Company has 177,688,639 common shares issued and outstanding. As of the Effective Date, the Company is expected to have approximately 31,173,445 common shares issued and outstanding, subject to treatment of fractional shares. Each shareholder’s percentage ownership in the Company and proportional voting power will remain unchanged, except for minor adjustments resulting from the treatment of fractional shares.The Company will not change its name as part of the Consolidation but will issue new share certificates under a new CUSIP number, which is 438340200 (ISIN:CA4383402001). The Company’s common shares will continue to trade on the Exchange under its current symbol, “TUF”.

 

About Honey Badger Silver Inc.

 

 

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With significant land holdings in southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill silver district, as well as Ontario’s historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.

 

Posted January 19, 2023

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