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TORONTO, Nov. 5, 2018 /CNW/ – Beleave Inc. (CSE: BE) (OTCQX: BLEVF) (“Beleave” or the “Company“) is pleased to announce a seven-for-one share split of the Company’s issued and outstanding common shares (the “Share Split“). Each shareholder of record of the Company as of the close of business on the Record Date will receive six additional shares for each share held on such date.
“A sizeable portion of our investor base is holding their position for the long-term. This stock split will increase liquidity, allowing more investors to buy and sell our shares as we continue our ambitious expansion into 2019,” said Andy Wnek, Beleave CEO. “Our stock is already affordable, and liquidity will free up additional shares to trade, which in turn helps Beleave realize its true value.”
The Company currently has 59,887,913 issued and outstanding common shares. Upon completion of the split, there will be approximately 419,215,391 shares issued and outstanding. The record date for the stock split is Wednesday, November 7, 2018 and the shares will begin trading on a split basis on Tuesday, November 6, 2018.