January 21, 2021
JNC Resources Announces 3:1 Share Split
Trading Symbol: JNC (CSE) (OTCBB:JNCCF) (FRA:5VH)
VANCOUVER, BC / ACCESSWIRE / January 21, 2021 / JNC Resources Inc. (CSE:JNC) (OTCBB:JNCCF) (FRA:5VH) (“JNC” or the “Company”) is pleased to announce that management have approved a Share Split on the basis of three (3) new common shares for every one (1) common share currently held by shareholders of the Company.
The Record Date for the Split will be Wednesday January 27, 2021 with the Company’s shares commencing trading on the CSE (and the OTC) post-Split on Tuesday January 26, 2021 (settlement on January 27, 2021). There are currently 20,162,000 issued and outstanding common shares in the capital of the Company and after the Split, unless there are issuances in the interim, there will be 60,486,000 issued and outstanding common shares in the capital of the Company. The Split will be carried out by way of the “push out” method requiring no action on the part of shareholders.
JNC CEO Michael Mulberry states, “We are extremely excited to effect the Split and view this corporate development as a positive event for the company. With the Split complete we are able to focus on exploration of our portfolio of properties. I also look forward to future updates on our previously announced LOI with SPML and their portfolio of Australian properties”
About JNC Resources Inc.
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The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future of the Company and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.