Mineworx Provides Update on Share Consolidation

Edmonton, Alberta – September 16, 2022Mineworx Technologies Ltd., (the “Corporation” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announced that, further to its July 8, 2022 news release, effective on or about Tuesday, ‎September 20, 2022, the Corporation will complete the consolidation (the “Consolidation”) of its Common Shares on the basis of 2 pre-Consolidation Common Shares for 1 post-Consolidation ‎Common Share, subject to regulatory approval, including approval of the TSX Venture Exchange (“TSX ‎Venture”). Where the exchange results in a fractional share, the number of Common Shares will be ‎rounded up to the next greater whole number of Common Shares if the fractional entitlement is equal to or greater than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of Common Shares if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all Common Shares registered in the name of and held by such Shareholder shall be aggregated.  Shareholder approval of the Consolidation was obtained at the annual general and special shareholders meeting held on July 27, 2022. A new CUSIP number of 603465303‎ replaces the old ‎CUSIP number of 603465204, to distinguish between the pre- and post- consolidated Common Shares. ‎ The Corporation’s name and trading symbol will remain unchanged. ‎

The Consolidation is being conducted on a “push-out” basis. Shareholders of the Corporation, with or ‎without a physical share certificate, do not need to take any action with respect to the Consolidation. DRS statements for the post-Consolidation Common Shares will be mailed on or about September 20, 2022. ‎Existing share certificates will be cancelled. ‎

Commencing at the opening of trading on or about Tuesday, ‎September 20, 2022, the Common Shares of the ‎Corporation will trade on a post-Consolidation basis on the TSX Venture.  Following the completion of the Consolidation, there ‎are expected to be 347,178,581 post-Consolidation Common Shares outstanding.‎

About Regenx

Regenx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals.

Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its partner Davis Recycling Inc.
Two men shaking hands

For further information contact:

Tech Corp

Greg Pendura
Greg Pendura

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.

Share this post

Send Regenx A Message

For questions, media inquiries, interview requests or business information. Please fill in the form below to contact us online. We’ll answer within 24 hours.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.