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EDMONTON, Alberta, June 12, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp., (the "Corporation" or "Regenx") (CSE: RGX) (OTCQB: RGXT) (FSE: YRS WKN: A2DSW3) announces the results of its Annual General and Special Meeting held today. All the resolutions proposed to the shareholders detailed in the Management Information Circular dated the 29th of April, 2024 were duly passed.
The resolutions which were passed included:
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The following five (5) incumbent directors were re-elected for the coming year:
Greg Pendura
Darcy Thiele
Rick Purdy
Harvey Granatier
Curtis Sparrow;
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The appointment of Gallo LLP, Chartered Professional Accountants as Auditors of the Company;
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The consolidation of share capital.
Further to its March 26, 2024 and June 10, 2024 news releases, effective on Tuesday, June 18, 2024, 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 Canadian Securities Exchange (the “CSE”). 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 June 12, 2024. A new CUSIP number of 75903N208 replaces the old CUSIP number of 603465303, 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 June 18, 2024. Existing share certificates will be cancelled.
Commencing at the opening of trading on Tuesday, June 18, 2024, the Common Shares of the Corporation will trade on a post-Consolidation basis on the CSE. Following the completion of the Consolidation, there are expected to be 395,508,808 post-Consolidation Common Shares outstanding.