Core Viewpoint - Reflex Advanced Materials Corp. is consolidating its common shares on a 10:1 basis, effective October 15, 2025, and has announced changes in its board of directors [1][2][4]. Share Consolidation - The consolidation will result in one post-consolidation common share for every ten pre-consolidation common shares [1]. - The common shares will continue trading under the same name and symbols on various exchanges, including the Canadian Securities Exchange and OTCQB [2]. - No fractional common shares will be issued; fractions equal to or greater than one-half will be rounded up, while those less than one-half will be rounded down [3]. - Proportionate adjustments will be made to the company's outstanding stock options and share purchase warrants [3]. - Shareholder approval for the consolidation is not required under CSE policies or the company's articles [3]. Board of Directors Changes - Mr. Alex Pleson has resigned as a director, and the company has appointed Mr. Eli Dusenbury to fill the vacancy [4]. Company Overview - Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia, focusing on developing economic mineral properties in strategic metals and advanced materials [5]. - The company aims to improve domestic specialty mineral infrastructure efficiencies to meet the increasing demand from North American manufacturers [5].
Reflex Advanced Materials Corp. Announces Effective Date of 10:1 Consolidation of Shares & Resignation and Appointment of Directors
Globenewswire·2025-10-09 21:51