Cruz Capital Corp 3-1 Forward Split Set for November 15
November 14, 2016 (Source) — Cruz Capital Corp (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2AG5M) Further to the news release October 5, 2016 the Company has set the close of business on November 18, 2016 as the record date for the Forward Split and November 16, 2016 as the effective date of the Forward Split. Therefore, in order to receive the split, you must purchase and hold the shares as of close of market on November 15, 2016. The Forward Split Cruz is proposing is subject to acceptance by the TSX Venture Exchange.
James Nelson, President of the Company states, “We are looking forward to the split occurring this week. We feel that the liquidity will increase substantially therefore providing more opportunities for the company to access additional capital and appeal to a larger group of investors. The ratio being proposed will be 3-1. For example, this means that if you are a shareholder of record of 10,000 shares you would then hold 30,000 shares upon completion and approval of the split. We feel that cobalt will be one of the most compelling sectors of 2017 and are pleased to be at the forefront of this growing sector. Cruz is fully funded for its current operations and we have been successful at closing one property sale to date, thus providing Cruz with increased capital with no dilution to the shareholders. We anticipate commencing operations shortly.”
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Cruz is actively engaged in acquiring and developing Cobalt Assets Globally. Cruz has acquired numerous high grade cobalt assets located in North America. Seven cobalt projects are in Canada and one in Idaho. The goal of the company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange. Management feels that cobalt is at the early stages of a significant bull market and we are pleased to be positioning Cruz at the forefront of this cycle.
This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Cruz, such as statements that Cruz: (i) intends to undertake a forward split of its common shares. There are numerous risks and uncertainties that could cause actual results and Cruz’s plans and objectives to differ materially from those expressed in the forward-looking information, including the TSXV not approving the forward split or delays caused in obtaining such approval. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Cruz does not intend to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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