Flow Announces Proposed Consolidation and Subdivision
TORONTO, June 08, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) confirms today that it has received all necessary approvals for its previously announced consolidation of the common shares (the “Common Shares”) of the Company on a 25,000 to 1 basis (the “Consolidation”) and subsequent immediate subdivision of the Common Shares on a 1:12,500 basis (the “Subdivision”).At the effective time of the Consolidation, the Common Shares will be consolidated at a ratio of 25,000 pre-Consolidation Common Shares for every 1 post-Consolidation Common Share, and thereupon any holder of less than 1 post-Consolidation Common Share will cease to hold Common Shares and will be entitled to be paid cash consideration equal to that number of pre-Consolidation Common Shares held...
