Reflex Advanced Materials Updates on Management and Shares

Reflex Advanced Materials: Key Corporate Updates
Reflex Advanced Materials Corp. (CSE:RFLX) is currently making important strides as it navigates several internal changes and opportunities. Following recent transitions within its executive team, the company aims to enhance its organizational structure and strategic initiatives.
Leadership Change at Reflex
Recently, Reflex announced the resignation of Paul Gorman from his role as CEO and Director. His efforts in steering the company have been recognized, and the management extends its gratitude for his leadership. In light of this transition, DJ Bowen, who is already serving on the board, will take on the responsibilities as the interim CEO while the search for a permanent successor is underway.
Share Consolidation Strategy
Reflex is set to implement a share consolidation on a ten-for-one basis. This is scheduled to take effect shortly after necessary regulatory approvals. At present, the company has approximately 61.3 million common shares. Once the consolidation is completed, this figure will reduce to about 6.1 million shares in circulation. Importantly, Reflex does not plan to change its name alongside this move. This strategy is seen as vital for the company to attract additional capital and explore new avenues for growth.
Future Outlook and Strategic Intentions
The Board of Directors at Reflex believes that the consolidation is a crucial step towards fostering a stronger capital base and creating more robust business prospects. By consolidating shares, Reflex aims to enhance the company's potential appeal to investors and ensure more effective management of its resources.
Contacting Reflex
For further inquiries, Reflex Advanced Materials Corp. is located at Suite 915 - 700 West Pender Street, Vancouver, BC V6C 1G8 Canada. They can be reached via phone at (778) 837-7191 or through their email at info@reflexmaterials.com.
Frequently Asked Questions
What recent changes occurred in Reflex Advanced Materials' management?
Paul Gorman has resigned as CEO and Director, with DJ Bowen stepping in as interim CEO during the transition.
What is the purpose of the upcoming share consolidation?
The consolidation aims to raise additional capital and attract new business opportunities by improving the company's financial structure.
How will the share consolidation impact existing shareholders?
Current shareholders will receive one new share for every ten shares they currently hold, reducing the total number of shares in circulation.
When is the share consolidation expected to take effect?
The consolidation is anticipated to be effective soon after obtaining the required regulatory approvals.
Where can I find more information about Reflex Advanced Materials?
Further details about the company can be found by contacting them directly or visiting their official communication channels.
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