Micron Waste Enters LOI to Acquire Canadian COVID-19 Equipment Manufacturer
April 20, 2020Micron Waste Enters Into Definitive Agreement with Covid Technologies Inc.
May 19, 2020Vancouver, British Columbia, May 6, 2020 – Micron Waste Technologies Inc. (“Micron” or the “Company”) (CSE: MWM, OTC: MICWF, Frankfurt: 7FM2, OTCQB “MICWF”), announces that, further to its news release of April 20, 2020, the company will complete a consolidation of the authorized and issued common shares of the Company (the “Common Shares”) on the basis of a one (1) post-consolidated Common Share for each two (2) pre-consolidation Common Shares (the “Consolidation”).
No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Common Share is less than one half (1/2) of a Common Share, and will be rounded up to the next whole number of Common Shares if that fractional Common Share is equal
to or greater than one half (1/2) of a Common Share.
The effective date for the Consolidation is May 12, 2020 and the record date for the Consolidation is May 13, 2020.
The Company advises that the post-consolidation common shares of the Company will trade under the new CUSIP number 59511R207. The Company’s name and stock symbol will remain unchanged. Registered
shareholders that hold physical share certificates will receive a letter of transmittal requesting that they forward pre-consolidation common share certificates to the Company’s transfer agent, Computershare Investor Services Inc., for exchange for new share certificates representing common shares on a postconsolidation basis. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own name will not be required to complete a letter of transmittal.
ON BEHALF OF THE BOARD OF DIRECTORS
Kal Malhi
Chairman
For further information:
Kal Malhi
[email protected]
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.