Stockwatch

Zoglo's Food Corp
Symbol	ZOG
Shares Issued	109,283,790
Close 2023-11-27	C$ 0.005
Market Cap	C$ 546,419
Recent Sedar Documents

Zoglo's Food to roll back shares one for 50 Dec. 5

2023-11-28 19:52 ET - News Release

Subject: Zoglo's Food Corp. Re: News for Dissemination Word Document File: '\\swfile\EmailIn\20231128 164223 Attachment Zoglo's Food Corp. - News Release - Consolidation of Common Shares.docx' ZOGLO'S FOOD ANNOUNCES CONSOLIDATION OF COMMON SHARES Vancouver, British Columbia - November 28, 2023 -Zoglo's Food Corp. (CSE: ZOG) (FSE: 7UT) ("Zoglo's" or the "Company"), announces that pursuant to receipt of shareholder approval on November 15, 2023, the Company will implement the consolidation of its common shares in the capital of the Company (the "Shares") on the basis of fifty (50) pre-consolidation Shares for every one (1) post-consolidation Share (the "Consolidation") effective as of December 5, 2023. The Company name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 98979D201 and the new ISIN number will be CA98979D2014 for the post-Consolidation Shares. The Company's post-Consolidation Shares are expected to begin trading on the Canadian Securities Exchange (the "CSE") on or about December 5, 2023. The total issued and outstanding number of Shares post-Consolidation will be approximately 2,185,676, subject to rounding for fractional Shares. No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the number of Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Share is less than one-half (1/2) of a Share, and will be rounded up to the next whole number if that fractional Share is equal to or greater than one-half (1/2) of a Share. The exercise or conversion price, and the number of Shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation. Registered shareholders that hold physical Share certificates will receive a letter of transmittal requesting that they forward pre-Consolidation Share certificates to the Company's transfer agent, Olympia Trust Company for exchange for new Share certificates representing Shares on a post-Consolidation basis. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their own name will not be required to complete a letter of transmittal. ON BEHALF OF THE BOARD OF DIRECTORS: "Peeyush Varshney" Chief Executive Officer and Director FORWARD LOOKING INFORMATION STATEMENT This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to the Consolidation. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release. PDF Document File: Attachment C1 News Release - Consolidation.pdf ZOGLO'S FOOD ANNOUNCES CONSOLIDATION OF COMMON SHARES Vancouver, British Columbia - November 28, 2023 --Zoglo's Food Corp. (CSE: ZOG) (FSE: 7UT) ("Zoglo's" or the "Company"), announces that pursuant to receipt of shareholder approval on November 15, 2023, the Company will implement the consolidation of its common shares in the capital of the Company (the "Shares") on the basis of fifty (50) pre-consolidation Shares for every one (1) post-consolidation Share (the "Consolidation") effective as of December 5, 2023. The Company name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 98979D201 and the new ISIN number will be CA98979D2014 for the post-Consolidation Shares. The Company's post-Consolidation Shares are expected to begin trading on the Canadian Securities Exchange (the "CSE") on or about December 5, 2023. The total issued and outstanding number of Shares post-Consolidation will be approximately 2,185,676, subject to rounding for fractional Shares. No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the number of Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Share is less than one-half (1/2) of a Share, and will be rounded up to the next whole number if that fractional Share is equal to or greater than one-half (1/2) of a Share. The exercise or conversion price, and the number of Shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation. Registered shareholders that hold physical Share certificates will receive a letter of transmittal requesting that they forward pre-Consolidation Share certificates to the Company's transfer agent, Olympia Trust Company for exchange for new Share certificates representing Shares on a post-Consolidation basis. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their own name will not be required to complete a letter of transmittal. ON BEHALF OF THE BOARD OF DIRECTORS: "Peeyush Varshney" Chief Executive Officer and Director FORWARD LOOKING INFORMATION STATEMENT This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements relating to the Consolidation. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.