MegaWatt Announces Proposed Consolidation of Shares

Core Viewpoint - MegaWatt Lithium and Battery Metals Corp. has announced the approval of a share consolidation at its annual general meeting, with a proposed ratio of one post-consolidation share for every twelve pre-consolidation shares [1][2]. Share Consolidation Details - The company currently has 37,250,400 shares issued and outstanding on a pre-consolidation basis, which will reduce to approximately 3,104,200 shares post-consolidation, subject to rounding adjustments [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded to the nearest whole share [3]. - The outstanding incentive stock options and warrants will be proportionately adjusted on a 12:1 basis, including corresponding adjustments to exercise prices [3]. Regulatory Approval - The consolidation is subject to approval from the Canadian Securities Exchange (CSE), and the company's name and stock symbol are expected to remain unchanged following the consolidation [4]. Company Overview - MegaWatt is based in British Columbia and focuses on the acquisition and exploration of mineral properties, holding a 100% interest in the Cobalt Hill Property and the Route 381 Lithium Property, among others [5][6].