Waraba Gold Limited Announces Private Placement and Intention to Complete Consolidation

Core Points - Waraba Gold Limited announced a non-brokered private placement financing for gross proceeds of up to $100 million through the issuance of up to 5 million common shares at a price of $0.02 per share [1] - The company intends to consolidate its issued and outstanding common shares on a basis of one post-consolidated share for every eighteen pre-consolidated shares, effective September 30, 2025 [3][4] Private Placement Details - The private placement aims to raise up to $100,000 and will be used to fund the company's working capital [1] - The common shares issued will be subject to a statutory hold period of four months and one day from the date of issuance [2] Consolidation Information - The effective date for the consolidation is set for September 30, 2025, with trading on a post-consolidated basis anticipated to begin on the same date [4] - No fractional common shares will be issued; fractions equal to or greater than one-half will be rounded up, while smaller fractions will be canceled [5] - Shareholders will receive a letter of transmittal for the exchange of their common shares following the effective date [6] Company Overview - Waraba Gold Limited is a resource exploration company focused on acquiring and exploring mineral properties [7] - The company's common shares trade on the Canadian Securities Exchange under the symbol "WBGD" and on the Frankfurt Stock Exchange under the symbol "ZE0" [7]