BREAKING NEWS: GRANDE WEST TRANSPORTATION (TSX.V:BUS)(OTCQX:BUSXF)(FRA:6LG) – RICH TV LIVE , MARCH 25, 2021 – Grande West Transportation Group Inc. (TSX.V:BUS)(OTCQX:BUSXF)(FRA:6LG) (“Grande West” or the “Company”), a leading supplier of electric, CNG, gas and clean diesel buses, today announces that, further to its news release dated February 25, 2021, the consolidation of the Company’s common shares (the “Consolidation”) and change of its corporate name to Vicinity Motor Corp. (the “Name Change”) will be completed effective at market open on March 29, 2021 (the “Effective Date”) on the basis of one (1) new post-Consolidation common share for every three (3) pre-Consolidation common shares (the “Ratio”).
Hey guys this is rich from rich tv live and i have some big big two pieces of big news from grand west transportation bus bus in canada bus xf in america and this is a company that is just getting started in my opinion i did bring it to you first and here’s one big piece of news grand rest transportation group announces effective date of share consolidation so
This is going to happen the reverse is happening grand west transportation group inc bus in canada bus xf in america 6lg in frankfurt germany a leading supplier of electric cng gas and clean diesel buses today announced that further to its news release dated february 25th 2021 the consolidation of the company’s common shares and change of its corporate name
To vicinity motor corp will be completed effective at market open on march 29th so new change of name to vicinity mortar corp from grand west transportation i think that’s huge huge huge for them and it will be completed effective at market open on march 29th 2021 on the basis of a one new post consolidation common share for every three pre-consolidation
Common shares otherwise known as the ratio as a result of the consolidation the number of issue outstanding common shares of the company will be reduced from 87 million pre-consolidation common shares to 29 million 289 871 post consolidation common shares subject to rounding for fractional shares companies new trading symbol will be vmc and the new isin
Q-sip number will be ca 925-654-1058-925-654-105 respectively vmc will be the new symbol no fractional post consolidation common shares will be issued pursuant to the consolidation all fractional shares resulting from the consolidation will be rounded down to the nearest whole number the number of common shares issuable under any of the company’s outstanding
Warrants or stock options will be adjusted proportionately upon completion of the consolidation computer share investor services inc will be issuing a letter of transmitting providing instructions to sorry of transmittal providing instructions to registered shareholders on submitting their respective share certificates representing pre-consolidation common
Shares in exchange for share certificates representing their post consolidation common shares until so surrendered each share certificate representing pre-consolidation common shares will represent the number of the whole post-consolidation common shares to which the holder is entitled as a result of consolidation shareholders holding their common shares
Through a bank broker or other nominee should note that banks brokers or other nominees may have difficulty and different procedures for processing the consolidation than those put in place by the company and computer share trust company of canada accordingly shareholders who hold common shares with banks brokers or other nominees and have questions in
The regard are encouraged to contact such persons about grand west transportation group grand west transportation group is a leading supplier of electric c g gas clean diesel buses for both public and commercial enterprise use in the us and canada companies flagship line of vicinity buses which maintain a dominant market share in canada are produced by the
Company’s world-class manufacturing partners or at the companies by america act compliant assembly facility in washington state grand west innovative vicinity lightning ev bus enabled through a tier one strategic supply agreement with bmw batteries and components seeks to lead the global transition to more sustainable transit vehicles in the private and public
Markets so huge huge news the reverse is now done and there’s a new symbol vmc as of march 29th so put that in your calendar put it on your watch let’s put on your radar bus new symbol will be v m c and there was more news for bus so big day for bus grand west receives 5 million usd order for vicinity cng buses so another 5 million dollar order for grand west
Transportation a leading supplier of electric cng gas and clean diesel buses today announced the receipt of a new order of 17 vicinity compressed natural gas cng buses those are the ones that i made videos of when i did the tour totally more than 5 million wow these buses are expected to be delivered in q4 2021 as cities across north america america transition
Their public transportation fleets to vehicles fueled by alternatives like electric and cng we expect to see additional strong demand for our cng vicinity bus line said william traynor founder and chief executive officer of grand west government regulations are mandating a reduction in nitrogen oxide and greenhouse gas emissions and natural tailwind for a cng
Product line given compressed natural gas is the cleanest burning transportation fuel on the market today there we go folks in the coming years stricter mandates will propel the transition to zero emissions electric vehicles where our vicinity lightning ev bus is rapidly gaining attention as the natural progression of a more sustainable public transportation
System we look forward to working closely with customers as we continue to tailor the next generation of electric vehicles to their exacting needs concluded trainer huge huge huge news for grand west transportation what do you guys think of this big news i think it’s huge news and i’m excited about the future of this company this will be a future one billion
Dollar in revenue company currently trading at two dollars after the reverse they’ll be between six and seven dollars based on today’s prices stay tuned get your popcorn ready now remember richie love you strictly for education entertainment purposes always do your due diligence always do your rest research before you invest in anything that we talk about here
In rich tv live always invest in the best the best is blessed and you deserve the best consult a financial advisor chances are when you consult a financial advisor financial advisor is going to say where’d you hear about bus oh from rich bus is a great pick i hear it every day get your popcorn ready if you’re not winning you’re not watching bringing the winners
And we bring them to you first we our modus operandi is identifying undervalued underappreciated underexposed companies before they explode we brought you this pic before they exploded it’s coming back down still not where we started but it’s starting to come back down which in my opinion is signaling the buying opportunity but who knows let’s see where it
Goes i like the news i’m excited to see what happens after the reverse less shares more sales big news keeps coming i’m excited new symbol so lots to think about lots to talk about lots to watch put them on your watch let’s put them on your radar comment down below on the video what do you think look at their suppliers guys and this list keeps growing i
Love them i love the bus did you get your bus ticket is your boy rich reverse to be live and i’m out peace you
Transcribed from video
BREAKING NEWS: GRANDE WEST TRANSPORTATION (TSX.V:BUS)(OTCQX:BUSXF)(FRA:6LG) By RICH TV LIVE