October 30, 2019 – Vancouver, British Columbia – Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) announces that the board of directors approved a consolidation of common shares of the Company on the basis of five (5) pre-consolidated shares for one (1) post consolidated share (the “Consolidation”). The consolidation is subject to TSX Venture Exchange (“TSXV”) approval.
Currently, a total of 129,814,274 common shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of approximately 25,962,855 common shares will be issued and outstanding. There is no maximum of authorized common shares.
Computershare Investor Services Inc. (“Computershare”) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post- Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARCTIC STAR EXPLORATION CORP.
Patrick Power, President & CEO
+1 (604) 218-8772
ppower@arcticstar.ca
Neither the 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.
