Prairie Provident Announces Share Consolidation

Core Viewpoint - Prairie Provident Resources Inc. will implement a 30-to-1 consolidation of its outstanding common shares, effective December 31, 2025, following a special resolution passed by shareholders [1][2]. Share Consolidation Details - The number of outstanding common shares will decrease from approximately 1,401,575,636 to about 46,719,000 post-consolidation [3]. - The consolidation will also adjust the exercise price and number of common shares for outstanding share purchase warrants, broker warrants, stock options, restricted share units (RSUs), and deferred share units (DSUs) [4]. Shareholder Instructions - Registered shareholders will receive a letter of transmittal for surrendering their pre-consolidation shares to receive post-consolidation shares [5]. - Non-registered shareholders should check with their intermediaries for specific procedures regarding the consolidation [6]. Fractional Shares - The consolidation will not result in fractional common shares; any fractional interests will be rounded down to the nearest whole number, and shareholders with fewer than 30 pre-consolidation shares will cease to be shareholders [7]. Additional Information - Further details regarding the consolidation can be found in the company's information circular dated April 15, 2025 [8]. - Prairie Provident is engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the Basal Quartz trend in the Michichi area [9].