Puranium Energy Announces Share Consolidation

Core Viewpoint - Puranium Energy Ltd. has announced a share consolidation, reducing the number of outstanding common shares from approximately 32.39 million to about 16.20 million, with a consolidation ratio of one post-consolidation share for every two pre-consolidation shares [1][3]. Group 1: Share Consolidation Details - The board of directors has approved the share consolidation, which is subject to the approval of the Canadian Securities Exchange (CSE) [1][2]. - The consolidation will result in a new CUSIP and ISIN, but there will be no change in the company name or stock symbol [2]. - The exercise price and the number of common shares under any outstanding stock options will be proportionately adjusted to reflect the consolidation [3]. Group 2: Impact on Shareholders - No fractional common shares will be issued; any fractional share less than half of a post-consolidation share will be canceled, while those at least half will be rounded up to one whole share [3]. - The total number of outstanding common shares will decrease from 32,390,436 to approximately 16,195,218 as a result of the consolidation [3]. Group 3: Company Overview - Puranium Energy Ltd. is a Canadian resource exploration company focused on energy-related opportunities and is listed on the Canadian Securities Exchange under the symbol UX and on the Frankfurt Exchange under the symbol 2DK [4].