Share Consolidation
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Cathedra Bitcoin Announces Proposed Share Consolidation
Newsfile· 2025-09-23 21:43
Core Viewpoint - Cathedra Bitcoin Inc. has announced a 30:1 consolidation of its subordinate and multiple voting shares to streamline its capital structure [1][4]. Share Consolidation Details - The record date for the consolidation is expected to be around October 14, 2025, with the effective date on or about October 15, 2025, pending approval from the TSX Venture Exchange [2]. - Every 30 shares will be consolidated into one share, with no fractional shares issued; any fractions will be rounded down [2]. - The consolidated shares will continue to trade under the symbols "CBIT" on the TSX Venture Exchange and "CBTTF" on the OTCQB, with a new CUSIP number for the adjusted shares [3]. Company Overview - Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America, hosting bitcoin mining clients in three data centers with a total capacity of 30 megawatts [5]. - The company has recently developed and sold a 60-megawatt data center in North Dakota, where it held a minority interest, with the closing expected in 2025 [5]. - Cathedra operates a fleet of proprietary bitcoin mining machines, producing approximately 400 PH/s of hash rate [5].
Fitell Corporation Announces Share Consolidation
Globenewswire· 2025-09-18 21:00
Group 1 - Fitell Corporation will implement a share consolidation at a ratio of 1-for-16, effective September 23, 2025, to meet Nasdaq's minimum bid price requirement [1][2] - The consolidation will automatically convert every sixteen shares into one ordinary share, with no fractional shares issued; any fractional shares will be rounded up to one share [3] - Shareholders holding shares in electronic form will not need to take action, as the consolidation will be reflected in their brokerage accounts [3][4] Group 2 - Fitell Corporation, through its subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia, serving over 100,000 customers [5] - The company offers products under three proprietary brands: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [5]
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
Core Viewpoint - Apollo Silver Corp. is proceeding with a share consolidation, converting five pre-consolidation shares into one post-consolidation share, aimed at enhancing market conditions and investor interest [1][2]. Share Consolidation Details - The consolidation will reduce the number of issued and outstanding shares from 242,585,395 to approximately 48,517,079 [3]. - No fractional shares will be issued; any fractional shares will be rounded to the nearest whole number without cash compensation [4]. - A letter of transmittal will be sent to registered shareholders for exchanging share certificates, while those holding shares in brokerage accounts will have their holdings adjusted electronically [5]. Regulatory and Approval Aspects - The consolidation is subject to regulatory approval from the TSX Venture Exchange, and a subsequent news release will announce the effective date once approval is received [6]. Company Overview - Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has significant barite credits essential for the US energy and medical sectors [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [7].
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]