Vancouver, B.C January 31, 2022 – Lords & Company Worldwide Holdings Inc.(“Lords” or the “Company”) (CSE: LRDS) (OTCQB: LRDSF) (FSE: 4XM), announces that the Canadian Securities Exchange (the “CSE”) has approved a share consolidation of the Company’s issued and outstanding common shares ("Shares") at a ratio of ten (10) pre-consolidated Shares to one (1) post-consolidation Share (the "Consolidation"), as previously announced on January 18, 2022.
All shareholders of record on February 7, 2022, will be entitled to the Consolidation. The Shares of the Company will commence trading on the CSE on a Consolidated basis effective as of the commencement of trading on February 4, 2022 (the “Effective Date”).The new CUISP number assigned to the Company’s shares following the Consolidation is 54404Q200(ISIN:CA54404Q2009).
As of the date of this news release, there are currently 87,027,899 shares of the Company outstanding. Following completion of the Consolidation, the Company will have approximately 8,702,790 Shares outstanding.
Following completion of the Consolidation, shareholders of the Company who hold Shares represented by a physical certificate or DRS statement will receive a letter of transmittal from the transfer agent for the Company, Olympia Trust Company, with instructions on how to exchange their existing certificates or DRS statements for post-Consolidation certificates or DRS statements.
ON BEHALF OF LORDS & COMPANY WORLDWIDE HOLDINGS INC.
(signed) “Chris Farnworth”
Chief Executive Officer
For further information, please contact:
Lords & Company Worldwide Holdings Inc.
Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties, and other factors.
Statements about the Company’s future branded lifestyle apparel are all forward-looking information.
Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain a Cannabis Act license in a timely manner or at all, the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.