ParcelPal Announces Share Consolidation
ParcelPal Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), announces that it intends to consolidate the common shares of the Company (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). The Company's common shares are expected to commence trading at the opening of the market on April 11, 2024 under the Company's symbol "PKG". There is no name change or stock symbol change in connection with the Consolidation. The new CUSIP number is 69938P205.
不列颠哥伦比亚省温哥华--（新闻档案公司，2024年4月5日）-ParcelPal Logistics Inc. （OTCQB：PTNYF）（CSE：PKG）（FSE：PT0A） （那个”公司“或”ParcelPal“），宣布打算合并公司的普通股（每股，一股”分享“）以十（10）股合并前股份换取一（1）股合并后股份（”合并“）。该公司的普通股预计将于2024年4月11日开盘时开始交易，公司代码为 “PKG”。本次合并没有名称变更或股票代码变更。新的 CUSIP 号码是 69938P205。
The Consolidation is subject to the approval of the Canadian Securities Exchange (the "CSE"). Currently, a total of 278,040,454 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 27,804,046 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options or Common Share purchase warrants will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.
合并需要获得加拿大证券交易所的批准（”案例“）。目前，共发行和流通了278,040,454股股票。因此，合并生效后，总共将发行和流通27,804,046股股票，但须进行四舍五入调整。授权股票数量没有上限。根据公司任何已发行股票期权或普通股购买权证的行使或转换价格以及可发行的普通股数量，将根据相应的条款进行相应的调整，以反映合并。
Computershare will mail out a Letter of Transmittal to the shareholders of record on April 12, 2024 providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Computershare in accordance with the instructions in the Letter of Transmittal.
Computershare将于2024年4月12日向登记在册的股东寄出一份送文函，提供有关将合并前的股票证书交换为合并后的股票证书的说明。鼓励股东按照送文函中的指示，将其股票证书连同送文函发送给Computershare。
Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company or other intermediary should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.
通过经纪商、投资交易商、银行或信托公司或其他中介机构持有普通股的股东应联系该被提名人或中介机构，以协助存入与合并相关的普通股。
About ParcelPal Logistics Inc.
关于 ParcelPal 物流公司
ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.
ParcelPal是一家总部位于不列颠哥伦比亚省温哥华的公司，专门提供最后一英里送货服务和物流解决方案。我们是一家以客户为导向的快递和物流公司，通过我们的快递网络将人和企业联系起来。我们的一些垂直行业包括药房和健康、餐包配送、零售、杂货等。
ParcelPal Website:
ParcelPal 网站：
Neither the CSE, the Securities and Exchange Commission nor any other securities regulatory authority has reviewed and do not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.
CSE、证券交易委员会或任何其他证券监管机构均未对管理层编写的本新闻稿的充分性或准确性进行审查，也不承担任何责任。
OTCQB - Symbol: PTNYF
CSE - Symbol: PKG
FSE - Symbol: PT0A
OTCQB-符号： PTNYF
CSE-符号： PKG
FSE-符号： PT0A
Contact Information
联系信息
Investor Contact
投资者联系人
investors@parcelpal.com
T: (587) 883-9811
investors@parcelpal.com
T: (587) 883-9811
Company Contact
公司联系人
investors@parcelpal.com
T: (587) 883-9811
investors@parcelpal.com
T: (587) 883-9811