Toronto, Ontario--(Newsfile Corp. - September 19, 2024) - Veta Resources Inc. (the "Company") announces that, further to its press releases of June 28, 2024 and August 21, 2024, and in connection with the reverse takeover of the Company by Metaworld Corporation (dba Syntheia), it has filed articles of amendment to change the name of the Company to "Syntheia Corp." (the "Name Change") and consolidate its issued and outstanding common shares (the "Common Shares") on the basis of 2.017753 pre-consolidation Common Shares for one (1) post-consolidation Common Share (the "Consolidation"), resulting in its previously outstanding 22,590,750 Common Shares being consolidated into 11,195,987 Common Shares of the Company. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would have otherwise been issued have been rounded down to the nearest whole number. The Consolidation was approved by the shareholders of the Company at the annual and special meeting of the Company held on August 1, 2024 (the "Meeting").
Letters of transmittal with respect to the Name Change and Consolidation will be mailed to the Company's registered shareholders in connection with the Meeting. All registered shareholders will be required to send their share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, TSX Trust Company, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation. A copy of the letter of transmittal will be posted on the Company's profile on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Carly BurkPresident and Chief Executive OfficerTel: (416) 361-2517
Forward-Looking Statements
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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