Share Consolidation

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Waraba Gold Limited Announces Private Placement and Intention to Complete Consolidation
Newsfile· 2025-09-15 22:58
Core Points - Waraba Gold Limited announced a non-brokered private placement financing for gross proceeds of up to $100 million through the issuance of up to 5 million common shares at a price of $0.02 per share [1] - The company intends to consolidate its issued and outstanding common shares on a basis of one post-consolidated share for every eighteen pre-consolidated shares, effective September 30, 2025 [3][4] Private Placement Details - The private placement aims to raise up to $100,000 and will be used to fund the company's working capital [1] - The common shares issued will be subject to a statutory hold period of four months and one day from the date of issuance [2] Consolidation Information - The effective date for the consolidation is set for September 30, 2025, with trading on a post-consolidated basis anticipated to begin on the same date [4] - No fractional common shares will be issued; fractions equal to or greater than one-half will be rounded up, while smaller fractions will be canceled [5] - Shareholders will receive a letter of transmittal for the exchange of their common shares following the effective date [6] Company Overview - Waraba Gold Limited is a resource exploration company focused on acquiring and exploring mineral properties [7] - The company's common shares trade on the Canadian Securities Exchange under the symbol "WBGD" and on the Frankfurt Stock Exchange under the symbol "ZE0" [7]
Xebra Brands Announces Update on Share Consolidation
Accessnewswire· 2025-09-12 23:45
Group 1 - Xebra Brands Ltd. is an international cannabis company [1] - The company announced a consolidation of its issued and outstanding share capital [1] - The consolidation will be on the basis of one post-consolidation common share for each ten pre-consolidation common shares [1] - The effective date for the consolidation is September 19, 2025 [1]
Cariboo Rose Resources Ltd. Considers Share Consolidation
Thenewswire· 2025-09-12 20:15
Core Viewpoint - Cariboo Rose Resources Ltd. is seeking shareholder approval for a consolidation of its outstanding share capital at its Annual General and Special Meeting scheduled for October 17, 2025 [1] Group 1: Consolidation Details - If approved, the Board of Directors will have the authority to consolidate shares at a ratio of up to two (2) to one (1) [2] - The Board may select a lower consolidation ratio without further shareholder approval if deemed appropriate [2] - The consolidation may be implemented at any time after the Meeting, subject to acceptance from the TSX Venture Exchange [3] Group 2: Rationale and Effects - The Board believes that consolidating shares will provide flexibility to reduce the number of outstanding shares, potentially making it easier to attract additional equity financing [4] - If the consolidation is approved and implemented, the number of shares will be reduced from 58,011,888 to approximately 29,005,944 shares at a two (2) to one (1) ratio [7] - The exercise or conversion price of outstanding convertible securities, stock options, and warrants will be proportionately adjusted based on the consolidation ratio [7]
Tinka Upsizes Private Placement to C$14 Million and Announces Grant of Stock Options
Newsfile· 2025-09-10 10:30
Core Viewpoint - Tinka Resources Limited has increased its private placement financing from C$11 million to C$14 million due to strong investor demand, and plans to undertake a share consolidation prior to the offering [1][2]. Upsizing of Offering - The upsized offering will consist of the sale of up to 254,545,455 units at a price of C$0.055 per unit pre-consolidation, or 50,909,091 units at C$0.275 per unit post-consolidation, aiming for gross proceeds of up to C$14 million [2]. - Each unit includes one common share and one-half of a common share purchase warrant, with warrants allowing the purchase of additional shares at C$0.08 pre-consolidation or C$0.40 post-consolidation for 36 months from the closing [2]. Participation and Related Party Transactions - Certain directors and officers of the company, along with Nexa Resources S.A. and Compañia de Minas Buenaventura SAA, may participate in the offering to maintain their pro-rata interests [3]. - If pre-emptive rights are fully exercised, the company could issue an additional 167.75 million shares for approximately C$9.22 million [3]. Use of Proceeds - The net proceeds from the offering will be used to fund an initial drill program at the Silvia gold-copper project, resource expansion at Ayawilca, and for corporate and general working capital purposes [5]. Grant of Stock Options - The Board has approved the grant of stock options to purchase up to 33,000,000 pre-consolidation shares at an exercise price of C$0.08 per share, or 6,600,000 post-consolidation shares at C$0.40 per share, with options exercisable until September 10, 2030 [7][8]. Company Overview - Tinka Resources Limited is focused on the exploration and development of its flagship Ayawilca zinc-silver-tin project in Peru, which has significant mineral resources, including an indicated mineral resource of 28.3 million tonnes grading 5.8% zinc [10].
Maple Gold Announces Effective Date of Share Consolidation
Newsfile· 2025-09-04 11:00
Core Points - Maple Gold Mines Ltd. will consolidate its common shares on a 10:1 basis, meaning ten pre-consolidation shares will convert into one post-consolidation share [1][2] - The effective date for the share consolidation is set for September 8, 2025, and the company will have approximately 45,744,846 shares outstanding post-consolidation [2][3] - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share [3] - The company will adjust outstanding incentive stock options, warrants, and convertible securities on the same 10:1 basis [3] - Registered shareholders will receive letters of transmittal to exchange their pre-consolidation shares for post-consolidation shares [4] Company Overview - Maple Gold Mines Ltd. is focused on advancing its 100%-owned Douay/Joutel Gold Project located in Québec's Abitibi Greenstone Gold Belt [5] - The Douay/Joutel project covers approximately 481 km² and includes an established gold mineral resource with significant expansion potential [5][6] - The company holds an exclusive option to acquire the Eagle Mine Property, part of the historical Joutel Mining Complex [5] - The property package includes numerous regional exploration targets along a 55-km strike length of the Casa Berardi Deformation Zone, which have yet to be drilled [6] - The company aims to grow mineral resources and make new discoveries to establish a new gold district in the Abitibi region [6]
Apollo to Proceed with 5-for-1 Share Consolidation
Globenewswire· 2025-09-02 11:00
VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that, further to the Company’s news release dated October 3, 2024, it intends to proceed with the consolidation (the “Consolidation”) of its issued and outstanding common shares (“Shares”) on the basis of five (5) pre-Consolidation Shares for every one (1) post-Consolidation Share. “Consolidation of the Company Shares should result ...
Skyline Builders Group Holding Limited Announces Proposed Share Consolidation
Globenewswire· 2025-08-25 12:30
Core Viewpoint - Skyline Builders Group Holding Limited has proposed a share consolidation plan to be presented for shareholder approval, aiming to consolidate ten ordinary shares into one, or a lesser ratio determined by the Board, with the goal of enhancing the company's capital structure [1][2]. Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in public sector projects involving infrastructure developments, as well as private sector projects related to residential and commercial developments [5]. - The company primarily undertakes civil engineering works as a subcontractor but is also qualified to act as a main contractor [5]. Share Consolidation Details - The proposed share consolidation will be presented at an extraordinary general meeting, where shareholders will vote on the consolidation ratio, which is set at ten ordinary shares into one, with a minimum of two shares into one [2]. - If approved, the Board will determine the final consolidation ratio and effective date, with implementation expected within one year of approval [2]. - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [3]. Meeting Information - Further details regarding the extraordinary general meeting will be provided in a proxy statement and notice distributed to shareholders [4].
Erdene Provides Update on Share Consolidation
Globenewswire· 2025-08-25 11:00
Core Points - Erdene Resource Development Corp. is proceeding with a share consolidation, converting six pre-Consolidation Common Shares into one post-Consolidation Common Share, as approved at the 2025 Annual General and Special Meeting of Shareholders [1][2] - The consolidation will take effect on September 2, 2025, pending regulatory approvals, with trading of Common Shares halted on the Mongolian Stock Exchange starting August 27, 2025 [2] - After the consolidation, approximately 61,038,660 Common Shares are expected to be issued and outstanding, down from 366,231,958 [5] Shareholder Information - Registered shareholders will receive a letter of transmittal with instructions for exchanging their pre-Consolidation Common Shares for post-Consolidation shares [4] - Fractional shares will be rounded up to the nearest whole number, and beneficial shareholders do not need to take action to receive their post-Consolidation shares [4] Trading Details - Post-Consolidation Common Shares will trade under the symbol "ERD" on the TSX, with a new CUSIP and ISIN assigned [3] - Trading of the post-Consolidation shares is expected to commence on or about September 5, 2025 [3] Company Overview - Erdene Resource Development Corp. is focused on the Bayan Khundii Gold Mine and the exploration and development of precious and base metals in Mongolia [7] - The company holds interests in three mining licenses and two exploration licenses in Mongolia, contributing to the discovery of the Khundii Gold District [7]
Erdene Provides Update on Share Consolidation
GlobeNewswire News Room· 2025-08-25 11:00
Core Points - Erdene Resource Development Corp. is implementing a share consolidation of one post-Consolidation Common Share for every six pre-Consolidation Common Shares, approved at the 2025 Annual General and Special Meeting of Shareholders [1][2] - The Consolidation will take effect on September 2, 2025, pending regulatory approvals, with trading of Common Shares halted on the Mongolian Stock Exchange from August 27, 2025 [2] - Post-Consolidation Common Shares will trade on the TSX under the symbol "ERD" starting around September 5, 2025, with a new CUSIP and ISIN [3] Shareholder Instructions - Registered shareholders will receive a letter of transmittal for exchanging their pre-Consolidation Common Shares, with instructions for surrendering their certificates [4] - Beneficial shareholders do not need to take action to receive post-Consolidation Common Shares, but should contact their intermediaries for processing details [4] Share Count Changes - The company currently has 366,231,958 Common Shares outstanding, which will reduce to approximately 61,038,660 post-Consolidation shares, subject to rounding [5] Company Overview - Erdene Resource Development Corp. focuses on the Bayan Khundii Gold Mine and the exploration and development of precious and base metals in Mongolia, holding interests in multiple mining and exploration licenses [7]
Searchlight Resources Announces Proposed Share Consolidation
Newsfile· 2025-08-22 20:56
Company Overview - Searchlight Resources Inc. is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which is recognized as the top location for mining investment in Canada by the Fraser Institute [4] - The company's exploration focus includes battery minerals and gold, concentrating on projects with nearby infrastructure [4] Share Consolidation Announcement - The company intends to consolidate its issued and outstanding common shares at a ratio of five pre-consolidated shares to one post-consolidation share [1] - Currently, there are 146,546,134 common shares issued, and upon completion of the consolidation, the company anticipates there will be 29,309,227 common shares issued and outstanding [2] Purpose of Consolidation - The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest, and improve trading liquidity [2] - The consolidation does not require shareholder approval according to the company's Articles and is subject to acceptance from the TSX-V [3]