VANCOUVER, British Columbia, Nov. 17, 2021 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (“Algernon” or “Company”) (CSE: AGN) (FRANKFURT: AGW) (OTCB: AGNPF), a analytic date biologic development company, announces that it intends to consolidate its Class A accepted shares (the “Common Shares”) on a one-hundred (100) to one (1) base (the “Consolidation”). The Aggregation currently has 167,486,769 Accepted Shares issued and outstanding. Following the Consolidation, the Aggregation will accept about 1,678,809 Accepted Shares issued and outstanding afterwards rounding for apportioned shares. The Consolidation is accountable to cancellation of accepting from the Canadian Balance Barter (the “CSE Acceptance”). The Aggregation will abide to barter afterwards the Consolidation beneath the name “Algernon Pharmaceuticals Inc.” If the Consolidation is accustomed by the Canadian Balance Exchange, the Aggregation will advertise a added account absolution which will set out the able date for the Consolidation.
Upon achievement of the Consolidation, a letter of assignment will be beatific by mail to registered shareholders advising that the Consolidation has taken effect. The letter of assignment will accommodate instructions on how registered shareholders can barter their allotment certificates or DRS statements evidencing their pre-consolidated accepted shares for new allotment certificates or new DRS statements apery the cardinal of post-consolidated accepted shares to which they are entitled. No activity is appropriate by non-registered shareholders (shareholders who authority their shares through an intermediary) to aftereffect the Consolidation. The Accepted Shares are accepted to activate trading on the CSE on a post-Consolidation basis, afterwards the CSE issues its final account advising of the able date of the Consolidation.
The Aggregation is adventure the Consolidation to, amid added things, abetment the Aggregation in affair the advertisement requirements of the Nasdaq Capital Market. The advertisement of the Company’s Accepted Shares on the Nasdaq Capital Bazaar charcoal accountable to Nasdaq approval and the achievement of all applicative listing, babyminding and authoritative requirements. While the Aggregation intends and believes it will be able to amuse all of the applicative requirements, there is no affirmation that it will be acknowledged in acceptable the advertisement requirements or that its appliance will be approved.
About Algernon Pharmaceuticals Inc.
Algernon is a biologic re-purposing aggregation that investigates safe, already accustomed drugs, and artlessly occurring compounds, for new ache applications, affective them calmly and cautiously into new animal trials, developing new formulations and gluttonous new authoritative approvals in all-around markets. Algernon accurately investigates compounds that accept never been accustomed in the U.S. or Europe to abstain off characterization decree writing.
CONTACT INFORMATIONChristopher J. MoreauCEOAlgernon Pharmaceuticals Inc.604.398.4175 ext 701info@algernonpharmaceuticals.cominvestors@algernonpharmaceuticals.comwww.algernonpharmaceuticals.com.
Neither the Canadian Balance Barter nor its Bazaar Regulator (as that appellation is authentic in the behavior of the Canadian Balance Exchange) accepts albatross for the capability or accurateness of this release. The Canadian Balance Barter has not in any way anesthetized aloft the claim of the proposed transaction and has neither accustomed nor banned the capacity of this columnist release.
CAUTIONARY DISCLAIMER STATEMENT: No balance barter has advised nor accepts albatross for the capability or accurateness of the agreeable of this account release. This account absolution contains advanced statements and advanced advice (collectively, “forward-looking statements”) apropos to CSE Accepting for the Consolidation, artefact development, licensing, commercialization and authoritative acquiescence issues and added statements that are not absolute facts. Advanced statements are generally articular by agreement such as “will”, “may”, “should”, “anticipate”, “expects” and agnate (including abrogating and grammatical) expressions. All statements added than statements of absolute fact, included in this absolution are advanced statements that absorb risks and uncertainties. There can be no affirmation that such statements will prove to be authentic and absolute after-effects and approaching contest could alter materially from those advancing in such statements. Important factors that could account absolute after-effects to alter materially from the Company’s expectations accommodate the abortion to amuse the altitude of the accordant balance exchange(s) and added balance authoritative authorities, accepted bread-and-butter and banking bazaar altitude and added risks abundant from time to time in the filings fabricated by the Aggregation with balance regulations. The clairvoyant is cautioned that assumptions acclimated in the alertness of any advanced statements may prove to be incorrect. Contest or affairs may account absolute after-effects to alter materially from those predicted, as a aftereffect of abundant accepted and alien risks, uncertainties, and added factors, abounding of which are above the ascendancy of the Company. The clairvoyant is cautioned not to abode disproportionate assurance on any advanced statement. Such information, although advised reasonable by administration at the time of preparation, may prove to be incorrect and absolute after-effects may alter materially from those anticipated. Advanced statements independent in this account absolution are especially able by this cautionary statement. The advanced statements independent in this account absolution are fabricated as of the date of this account absolution and the Aggregation will amend or alter about any of the included advanced statements as especially appropriate by applicative law.
How To Write A Letter Of Transmittal – How To Write A Letter Of Transmittal
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