The Company currently has 9,591,920 Common Shares issued and outstanding. Upon completion of the Share Split, there will be 19,183,840 Common Shares issued and outstanding. The Company's authorized share capital will remain unchanged. Outstanding stock options will also be adjusted by the Share Split ratio and the exercise price of outstanding stock options will be adjusted accordingly.
The Share Split will be conducted on a push-out basis, therefore no action is required by shareholders in connection with the Share Split. Existing direct registration statements ("DRS") representing Common Shares of the Company will remain effective. They should be retained by shareholders and should not be forwarded to the Company or
There will be no change to the Company's name, CUSIP or its current trading symbol in connection with the Share Split.
The purpose of the Share Split is to increase market liquidity of Kubera's Common Shares, and provide opportunities for ownership of Kubera's Common Shares by a wider group of investors.
On Behalf of the Board of Directors of
President, CEO, Corporate Secretary and Director
Neither
This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements concerning Kubera's plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, "forward‐looking statements".
Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risk that the Company will not complete the Company's option to acquire the
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.
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