BULLETIN V2024-3918
THE WESTAIM CORPORATION ("WED")
BULLETIN TYPE: Plan of Arrangement- Consolidation
BULLETIN DATE: December 30, 2024
TSX Venture Tier 1 Company
Plan of Arrangement
TSX Venture Exchange (the "Exchange") has accepted for filing The Westaim Corporation's (the "Company") plan of arrangement (the "Plan of Arrangement") to be completed on December 31, 2024.
The Plan of Arrangement involves the Company (a) completing a share consolidation of its Common Shares on the basis of one post-consolidation Common Share for every six pre-consolidation Common Shares and (b) changing its jurisdiction of incorporation from the Province of Alberta in Canada to the State of Delaware in the United States of America.
The Exchange has accepted for filing the continuation of the Company from the Province of Alberta to the laws of the State of Delaware as approved by the shareholders of the Company on December 19, 2024. The Company has advised the Exchange that the change shall be effective December 31, 2024.
For further details, refer to the Company's Management Information Circular dated November 19, 2024, which is available under the Company's profile on SEDAR+, and the Company's news releases dated October 9, 2024, November 18, 2024, and December 19, 2024.
Consolidation
Pursuant to a resolution passed by shareholders of the Company on December 19, 2024, the Company will consolidate its capital on the basis of one (1) post-consolidation Common share for every six (6) pre-consolidation Common Shares. The name of the Company will not be changed.
Effective at the opening, Thursday January 2, 2025, the common shares of The Westaim Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as an "Investment" company.
Post - Arrangement
Capitalization: Unlimited shares with par value $0.001 per share, of which
21,361,813 shares are issued and outstanding
Escrow Nil shares are subject to escrow
Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: WED (UNCHANGED)
CUSIP Number: 956925101 (New)
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