Pinehurst Capital II Announces Name Change to Halcones
TORONTO, ON, Sept. 15, 2022 (GLOBE NEWSWIRE) — Pinehurst Capital II Inc. (TSXV: PINH.P) (the “Company”), a capital pool company, as defined in the policies of the TSX Venture Exchange (the “TSXV“), is pleased to announce that, in connection with its previously announced “qualifying transaction” (the “Transaction”) pursuant to TSX Venture Exchange Policy 2.4 – Capital Pool Companies with Halcones Precious Metals Inc. (“Halcones“), it filed articles of amendment to change its name to “Halcones Precious Metals Corp.” (the “Name change”) and consolidate its issued and outstanding common shares (“Ordinary actions”) on the basis of 0.4716981 post-consolidation ordinary share for each pre-consolidation ordinary share (the “Consolidation”). The name change and consolidation was approved by the shareholders of the Company at its annual and special meeting held on April 14, 2022. As part of the name change and consolidation, the Company reserved a new CUSIP (40539W105 ) and ISIN (CA40539W1059).
Following the combination, the Company has 2,500,000 common shares outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would otherwise have been issued have been rounded down to the nearest whole number. The change in the number of issued and outstanding Common Shares resulting from the Consolidation will not affect a shareholder’s percentage ownership of the Company, although such ownership will be represented by a smaller number of Common Shares.
No action will be required from existing shareholders with respect to the name change and consolidation. The Company encourages any shareholder with questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent.
About Pinehurst Capital II Inc.
The Company is a capital pool company listed on the TSX Venture Exchange. The Company has no trading activities and has no assets other than cash. The sole activity of the Company is to identify and evaluate assets or businesses with a view to carrying out a Qualifying Transaction, in accordance with TSXV policy 2.4.
About Halcones Precious Metals Inc.
Halcones is a private company incorporated under the laws of the Province of Ontario that holds an option to acquire 100% of the rights, titles and interests of the Carachapampa project located in Diego de Almagro, Copiapo, Chile. Halcones was incorporated on July 5, 2021.
For further away information, please Contact:
|Of Halcones Precious Metals Inc.
Laurent Guy, Director
|From Pinehurst Capital II Inc.
David Rosenkrantz, CEO
TSXV has in no way expressed an opinion on the merits of the Transaction and has neither approved nor disapproved of the content of this press release.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts any responsibilitynsibility of the adequacy or accuracy of this press Release.
Precautionary To note Re avant-garde Declarations
This press release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve information known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements or developments of the Company to differ materially from the anticipated results, performance or achievements expressed or implied by such forecastsking’s statements. There can be no assurance that such statements will prove exact and real results, and coming events could to differ materially of those anticipated in such statements. Important Factors That Could Cause Actual Results To Differsubstantially of the Company’s expectations include non-compliance with the conditions for the completion of the Transaction set forth above and other risks detailed from time to time in the documents filed by the Company pursuant to applicable Canadian security regulationslaws.
Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors which have been deemed appropriate that the expectations reflected in this forward-looking reportcorrect information is reasonable, improper addiction should not be put on them because the Company box give Nope insurance that they will prove to be correct. When used in this press release, the words “estimate”, “project”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “predict “, “may” or “should” and the negative of these words or such variations thereon or comparable The terminology is intended to identify forward-looking statements and information. The forward-looking statements and information contained in this press release include information relating to the business plans of Halcones Precious Metals Corp.the list of Halcones Precious Metals Corp. shares on the TSX Venture Exchange and the completion of the Transaction. Such statements and information reflect the running see of the Company.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and othersor factors that may cause our actual results, performance or achievements, or other future events, at be materially different of any coming results, performance Where achievements expressed or implicit by Phone future-oriented statements. Such The factors and risks to understand, among others: (a) next completion of the Transaction, the Company may require Additional funding of from time to time in order to carry on its operations which may not be available when needed or on acceptable terms; (BCcompliance with government regulations; (c) domestic and foreign laws and regulations could adversely affect the Company’s business and results of operations; (d) equity markets experienced often unrelated volatility at the performance of companies and these fluctuation may negatively affect the price of the Company’s shares, regardless of its operational performance; (e) the impact of COVID-19[FEMININE;and(f)thepotentialinabilityoftheCompanyandHalconestocompletetheTransaction[FEMININE;et(f)l’incapacitépotentielledelaSociétéetdeHalconesàréaliserlaTransaction
The future-oriented statements contents in this new Release represent the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not square undue importance on future-oriented statements and should don’t count on this information as of any other Date. The Company undertakes Nope obligation at update these future-oriented statements in the an event that the management beliefs, estimates Where opinions or other factors should change.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. in the United states. The Company securities have not has been and will be not be registered under the United States Securities Act of 1933, as amended (there “U.S. Securities Law“) or any state securities law and may not be offered or sold in the United States or to United States persons unless registered under United States securities law and state laws on applicable securities or an exemption from such registration is available.