Vancouver, British Columbia – June 2, 2025 – Priyanka Capital Inc. (the “Company”) announces that the Company will implement a consolidation of its common shares in the capital of the Company (the “Shares”) on the basis of one hundred (100) pre-consolidation Shares for every one (1) post-consolidation Share (the “Consolidation”) effective as of June 2, 2025.
The Company name will remain unchanged after the Consolidation. The new CUSIP number will be 74273U207 and the new ISIN number will be CA74273U2074 for the post-Consolidation Shares.
The total issued and outstanding number of Shares post-Consolidation will be approximately 13,187, subject to rounding for fractional Shares.
No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the number of Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Share is less than one-half (1/2) of a Share, and will be rounded up to the next whole number if that fractional Share is equal to or greater than one-half (1/2) of a Share.
The exercise or conversion price, and the number of Shares issuable under any of the Company’s outstanding convertible securities, if any, will be proportionately adjusted upon the effectiveness of the Consolidation.
Registered shareholders that hold physical Share certificates will receive a letter of transmittal requesting that they forward pre-Consolidation Share certificates to the Company’s transfer agent, Endeavor Trust Corporation for exchange for new Share certificates representing Shares on a post-Consolidation 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
Robert Dubeau, President and Director
This press release contains forward-looking statements with respect to the Company. By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements.
Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the future business plans of the Company. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the inability to obtain regulatory approval; general economic conditions; adverse industry events; marketing costs; loss of markets; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the ability to implement its business strategies; competition; currency and interest rate fluctuations and other risks.
The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained herein are expressly qualified by this cautionary statement.
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