TORONTO, ONTARIO–(Marketwired – May 26, 2016) –
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES
Prime City One Capital Corp. (NEX:PMO.H) (the “Company” or “Prime City”) announces that, at its annual and special general meeting held on December 21, 2015, shareholders approved the consolidation of the Company’s issued and outstanding common shares at a ratio of up to 50 old shares for 1 new share (the “Share Consolidation”).
The board wishes to consolidate the issued and outstanding shares of the Company by a ratio of fifty (50) Pre-Consolidated shares for every one (1) Post-Consolidation share (the “Consolidation ratio”).
The Company’s share capital will begin trading on a post-consolidated basis under the same stock symbol: PMO.H at the opening of markets on May 27th, 2016. Prime City has filed a Letter of Transmittal on www.sedar.com, which has also been distributed to its shareholders; for the convenience of its shareholders a link to the profile of Prime City One Capital Corp. is included below:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021337
The Letter of Transmittal describes the process by which Shareholders may obtain new certificates representing their consolidated common shares. Shareholders are requested to deliver original old share certificates along with the completed Letter of Transmittal by registered mail or in person to Equity Financial Trust Company, 200 University Avenue, Suite 300, Toronto, Ontario M5H 4H1 Attention: Corporate Action. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not need to complete a Letter of Transmittal. No fractional shares will be issued under the share consolidation, and any fraction will be rounded to the nearest whole number. Following the Share Consolidation, Prime City will have 1,552,188 common shares issued and outstanding.
FORWARD-LOOKING STATEMENTS:
Neither the TSX Venture Exchange (nor the NEX) 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.
Ying Chen
CFO
YChen@corre.com