VANCOUVER, BC / ACCESSWIRE / June 29, 2021 / Silver Phoenix Resources Inc. (the “Company”) (CSE: SP) announces that the Board of Directors has determined that it is in the company’s best interests to proceed with a consolidation of its assets 5: 1 common stock (the “Consolidation”). In accordance with the company’s articles of association, the management board approved the consolidation by resolution on June 23, 2021. Upon completion of the consolidation, approximately 8,411,569 common shares will be issued and outstanding. New share certificates will be issued under a new CUSIP number, which is 828079301. Registered shareholders will receive a letter from Computershare Trust Company, the company’s transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will exchange share certificates on behalf of their shareholders’ accounts. Subject to approval by the Canadian Securities Exchange, the company expects the common stock to trade after consolidation effective June 30th, 2021. The company name and trading symbol will not change. For more information, please contact Scott Ackerman at sackerman@emprisecapital.com or 778.331.8505. On behalf of the Board of Directors, Silver Phoenix Resources Inc. Scott Ackerman, Director Forward-Looking Information: This press release may contain “forward-looking information” (as that term is defined in Canadian securities legislation) relating to the company’s business. Forward-looking information is based on certain key expectations and assumptions made by the Company’s management, including future plans for the exploration and development of its mineral properties. While the Company believes that such expectations and assumptions are reasonable, investors should not place undue reliance on such forward-looking information as the Company cannot assure that it will prove to be accurate. Forward-looking statements in this press release are made as of the date of this press release. The company disclaims any intention or obligation to publicly update any forward-looking information (whether as a result of new information, future events or results, or otherwise) except as required by applicable securities laws. History Continues SOURCE: Silver Phoenix Resources Inc. View Source Version On accesswire.com: https://www.accesswire.com/653583/Silver-Phoenix-Approves-Share-Consolidation
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