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CSE Bulletin: Consolidation - Panther Minerals Inc. (PURR)
Newsfile· 2025-10-08 20:18
Toronto, Ontario--(Newsfile Corp. - Le 8 octobre/October 2025) - Panther Minerals Inc. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every forty (40) pre-consolidated common shares. As a result, the number of outstanding shares will be reduced to approximately 1,274,772 common shares. The name and symbol will not change. Please note that all open orders will be canceled at the close of business on October 10, 2025. ...
Fitell Corporation Receives 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-10-03 12:30
Sydney, Australia, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (NASDAQ: FTEL) (“Fitell” or the “Company”) today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) granting the Company an additional 180-calendar-day compliance period, or until March 30, 2026, to regain compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The additional compliance period is granted based on the Co ...
Reflex Advanced Materials Corporate Update
Globenewswire· 2025-10-02 00:29
Management Transition - Paul Gorman has resigned as CEO and Director of the Company, with DJ Bowen assuming the role of interim CEO while a permanent replacement is sought [2] Share Consolidation - Reflex intends to consolidate its common shares on a ten (10) old for one (1) new basis, effective October 13, 2025, reducing the number of issued and outstanding shares from 61,311,169 to an expected 6,131,117 [3][4] - The Board of Directors determined that the consolidation is necessary for raising additional capital and seeking new business opportunities [4]
Wealth Minerals Enters into Letter Agreement to Acquire the Andacollo Oro Gold Project
Newsfile· 2025-09-25 11:30
Core Viewpoint - Wealth Minerals Ltd. has entered into a binding letter agreement to acquire a 100% royalty-free interest in the Andacollo Oro Gold Project located in Chile, which is seen as a strategic opportunity for the company amidst growing investor interest in gold due to global economic concerns [1][3]. Acquisition Details - The acquisition will be executed through a share purchase and sale transaction, with a purchase price of 12.5 million common shares of Wealth, subject to adjustments for dilution prior to closing [10]. - Wealth has made a cash payment of US$350,000 to the target company for a 30-day exclusivity period to conduct due diligence [10]. - The total deferred purchase payments to be assumed by Wealth amount to US$30 million, with specific payment milestones over 48 months [11]. Project Overview - The Andacollo Oro Gold Project has historically produced 1.12 million ounces of gold from 1995 to 2018, with a peak annual production of 135,000 ounces in 1999 [4][5]. - The project has a historical estimate of 2.02 million ounces of gold in the Measured and Indicated categories and 5.06 million ounces in the Inferred category [4][7]. - The project is located in Region IV, Coquimbo, Chile, and is adjacent to Teck Resource's Carmen de Andacollo mine [4][9]. Private Placement - Wealth is initiating a non-brokered private placement of at least 41,666,666 units at a price of $0.12 per unit, aiming for minimum gross proceeds of $5 million [14]. - Each unit consists of one common share and one-half of a common share purchase warrant, with an exercise price of $0.18 per warrant share for a period of 24 months [14]. - Proceeds from the offering will be allocated to finance the acquisition and development costs of the AOG Project, as well as general working capital [15]. Share Consolidation - Wealth plans to undergo a consolidation of its common shares on a basis of one post-consolidation share for up to seven pre-consolidation shares, aiming to attract capital for project advancement [18][19]. - Following the consolidation, approximately 51,766,170 common shares are expected to be outstanding [18]. Management and Strategic Direction - Chad Williams has been appointed as a strategic advisor to the company, bringing extensive experience in mining and investment banking [20]. - The company aims to diversify its asset base to include precious metal projects while continuing to advance its lithium project portfolio [21][22].
Eastfield Resources Ltd. Considers Share Consolidation
Thenewswire· 2025-09-12 19:45
Core Viewpoint - Eastfield Resources Ltd. is seeking shareholder approval for a consolidation of its outstanding share capital at a ratio of up to 2:1, which may facilitate attracting additional equity financing [1][2][4]. Group 1: Consolidation Details - The Board of Directors will have the authority to consolidate shares at a ratio of up to 2:1, with the option to select a lower ratio if deemed appropriate [2]. - If approved, the number of shares will be reduced from approximately 61,561,585 to about 30,780,793 shares under the 2:1 ratio [9]. - The Board may implement the consolidation after the Annual General and Special Meeting, subject to TSX Venture Exchange acceptance [3]. Group 2: Rationale and Implications - The consolidation aims to provide flexibility for the Company to reduce outstanding shares, potentially making it easier to attract additional equity financing [4]. - There will be no change of name associated with the consolidation [5]. - The exercise or conversion price of outstanding convertible securities, stock options, and warrants will be proportionately adjusted based on the consolidation ratio [9]. Group 3: Stock Options - The Company has approved stock options for a consultant to purchase 300,000 common shares at $0.05 per share, with a five-year term and immediate vesting [6].
Future Mineral Changes Name, Consolidates Shares, and Closes Shares for Debt Settlements
Globenewswire· 2025-09-05 01:00
Company Overview - Future Mineral Resources Inc. has changed its name from Sulliden Mining Capital Inc. and will implement a share consolidation of one post-Consolidation Share for every 10 pre-Consolidation Shares effective September 5, 2025 [1][2] - The company currently has 166,875,979 Shares issued and outstanding, which will reduce to approximately 16,687,597 Shares post-Consolidation [2] Share Consolidation Details - No fractional Shares will be issued; any fractional Shares will be disregarded and cancelled without compensation [2] - The exercise or conversion price and the number of Shares issuable under any outstanding convertible securities will be proportionately adjusted upon completion of the Consolidation [2] - Trading of the Company's shares under the new name and ticker "FMR" is expected to commence on or about September 9, 2025, subject to approval from the Toronto Stock Exchange [3] Financial Restructuring - The company has strengthened its balance sheet by entering into four shares for debt agreements, closing on July 29, 2025, with 2227929 Ontario Inc. and three other private companies [4] - An aggregate of 12 million and 24.3 million Shares were issued on a pre-Consolidation basis at a deemed price of approximately $0.05 per share, in payment of approximately $696,234 and $1,242,334 of outstanding indebtedness [5] - The Common Shares issued are subject to a hold period of four months and one day, ending on January 3, 2026 [6] Related Party Transactions - The transaction with 2227929 Ontario Inc., controlled by a director and officer of the company, is classified as a "related party transaction" under Multilateral Instrument 61-101 [7] - The company expects to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party transaction [7] Company Focus - Future Mineral is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across the Americas, Australia, Africa, and Europe [8]
GreenPower Announces Change of Effective Date of Share Consolidation
Prnewswire· 2025-08-27 19:45
Company Overview - GreenPower Motor Company Inc. designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [2] - The company employs a clean-sheet design approach to manufacture vehicles that are purpose-built for battery power with zero emissions, integrating global suppliers for key components [2] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California [2] Recent Developments - The company has delayed the implementation of its share consolidation from August 28, 2025, to September 8, 2025, which involves a consolidation ratio of one new common share for every ten old common shares [1] - The implementation of the share consolidation is subject to receiving all required approvals from the Nasdaq Stock Exchange [1]
Golden Heaven Group Holdings Ltd. Announces 15 for 1 Share Consolidation
Globenewswire· 2025-08-26 11:00
Core Viewpoint - Golden Heaven Group Holdings Ltd. has announced a share consolidation on a 15 for 1 ratio to regain compliance with Nasdaq listing requirements, effective August 28, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation will automatically combine every 15 ordinary shares into one ordinary share without requiring action from shareholders [3]. - No fractional shares will be issued; shareholders will receive one full share instead of any fractional share resulting from the consolidation [3]. - The authorized share capital will remain at US$6,018,000,000 but will change the structure of Class A and Class B ordinary shares, with Class A shares decreasing from approximately 36.9 million to about 2.46 million shares, and Class B shares decreasing from approximately 1.07 million to about 71,574 shares [4]. Group 2: Company Overview - Golden Heaven operates amusement parks, water parks, and complementary recreational facilities in China, offering a variety of experiences including thrilling rides, water attractions, and entertainment events [5].
Bayridge Announces Record Date for Share Consolidation
Newsfile· 2025-08-25 23:43
Company Overview - Bayridge Resources Corp. is a green energy company focused on advancing its portfolio of Canadian uranium projects [4] - The company has significant projects including the Waterbury East project and the Constellation project, both located in the Athabasca Basin region, known for its uranium exploration [4] Share Consolidation Announcement - Effective August 29, 2025, Bayridge will implement a share consolidation, converting ten pre-consolidated shares into one post-consolidated share [1] - Following the consolidation, approximately 7,342,297 shares will be issued and outstanding, with no fractional shares being issued [2] - The trading symbol "BYRG" will remain unchanged, and a new CUSIP number for the post-consolidated shares has been issued [2] Shareholder Information - The transfer agent, Odyssey Trust Company, confirmed that all shareholders of record as of the Effective Date will hold shares represented by a DRS statement, indicating a "push-out" consolidation method [3]
GreenPower Announces Effective Date of Share Consolidation
Prnewswire· 2025-08-25 21:30
Core Points - GreenPower Motor Company Inc. has announced the consolidation of its issued and outstanding common shares at a ratio of one new share for every ten currently outstanding shares, effective August 28, 2025 [1][2] - Following the consolidation, the total number of shares will decrease from 30,462,084 to approximately 3,046,229 shares, subject to rounding adjustments [2] - There will be no maximum number of authorized shares, and fractional shares will not be issued; instead, shareholders will be rounded up to the nearest whole number [2] Shareholder Instructions - Computershare Investor Services Inc. will send letters of transmittal to shareholders with instructions for exchanging pre-consolidation share certificates for post-consolidation certificates [4] - Shareholders are advised to send their share certificates along with the letter of transmittal to Computershare as per the provided instructions [4] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [5] - The company employs a clean-sheet design approach to manufacture vehicles that are battery-powered with zero emissions, integrating global suppliers for key components [5] - Founded in Vancouver, Canada, GreenPower has primary operational facilities in southern California and has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [5]