TORONTO, ONTARIO--(Marketwired - July 10, 2017) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company"), further to its press release of June 26, 2017, announces that the TSX Venture Exchange ("TSXVE") has approved a share consolidation of the Company's issued and outstanding common shares (the "Consolidation") at a ratio of five (5) pre-consolidation shares to one (1) post-consolidation share (the "Conversion Ratio").
The Consolidation is expected to be effective at the open of market on Wednesday, July 12, 2017 (the "Effective Date"). The Company will not change its name as part of the Consolidation, but will issue new share certificates under the new CUSIP number 438335200 (ISIN: CA4383352008). No fractional shares will be issued in connection with the Consolidation. The Company's common shares will continue to trade on the TSXVE on a consolidated basis under its current symbol "TUF".
Honey Badger currently has 104,788,849 common shares issued and outstanding. As of the Effective Date and after giving effect to the Consolidation, the Company will have approximately 20,957,770 common shares issued and outstanding. Registered shareholders will receive a letter of transmittal from TSX Trust Company, the Company's transfer agent, with information on how to exchange their pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
About Honey Badger Exploration Inc.
Honey Badger Exploration is an exploration company headquartered in Toronto, Ontario, Canada with properties in Québec. The company's common shares trade on the TSX Venture Exchange under the symbol "TUF".
For more information about the Company visit www.honeybadgerexp.com.
