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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]
Hertz Energy Announces Share Consolidation
Newsfile· 2025-08-18 15:46
Company Overview - Hertz Energy Inc. is a junior exploration company based in British Columbia, focusing on the acquisition and exploration of mineral properties in Eastern Canada, with a strategic portfolio of four projects targeting lithium and antimony mineralization in Quebec and New Brunswick [4]. Share Consolidation - The company intends to consolidate its common shares on a two and one-half (2.5) Share for one (1) Share basis, with a total issued and outstanding number of Shares post-Consolidation expected to be approximately 9,904,671, subject to rounding for fractional Shares [1][2]. - No fractional Common Shares will be issued upon the Consolidation; fractional Shares will be rounded down or up based on specific criteria [3]. Lithium Portfolio - Hertz Energy's lithium assets include the Agastya Lithium Property in Quebec, which consists of three non-contiguous claim blocks along a greenstone belt known for significant Lithium-Cesium-Tantalum pegmatite potential. The 26,500-hectare AC/DC Project is strategically located in Quebec's James Bay Lithium District, near notable projects by other companies [5]. Antimony Portfolio - The company's antimony assets include the Harriman Property in Quebec's Gaspé Region, targeting antimony and gold mineralization, as well as the Lake George Property in New Brunswick, which is being explored for antimony-gold mineralization [6].
Chanson International Holding Announces 80 for 1 Share Consolidation
GlobeNewswire News Room· 2025-08-14 11:00
Core Points - Chanson International Holding announced a share consolidation on an 80 for 1 ratio, effective August 18, 2025, to regain compliance with Nasdaq listing requirements [1][2] - The consolidation will change the authorized share capital and the par value of shares, with Class A ordinary shares decreasing from approximately 85.9 million to about 1.07 million shares, and Class B ordinary shares decreasing from approximately 5.67 million to about 70.88 thousand shares [4] Company Overview - Chanson International Holding, founded in 2009, operates bakery, seasonal, and beverage products through its chain stores in China and the United States, with 60 stores in China and 3 in New York City [5] - The company focuses on providing healthy, nutritious, and ready-to-eat food, utilizing advanced facilities and in-depth industry research to meet customer demand [5]
Bayridge Announces Proposed Share Consolidation
Newsfile· 2025-08-13 10:30
Group 1 - Bayridge Resources Corp. has announced a share consolidation on a ten (10) for one (1) basis, reducing the number of outstanding shares from approximately 73.4 million to about 7.3 million [1] - The Board believes that the consolidation will enhance the company's flexibility in seeking financing opportunities, increase interest, and improve trading liquidity [1] - The company does not plan to change its name in conjunction with the proposed consolidation and will provide further details in a subsequent news release [2] Group 2 - Bayridge Resources Corp. is focused on advancing its portfolio of Canadian uranium projects, including the Waterbury East project and the Constellation project [3] - The Waterbury East project spans 1,337 hectares and is located 25 km northeast of the Cigar Lake Mine, with geophysical surveys indicating a 7 km long conductivity corridor that remains largely untested [3] - The Constellation project covers 11,142 hectares and is situated 60 km south of the current Athabasca Basin edge, in an area with significant exploration activity for basement-hosted uranium [3]
Canter Resources Announces Share Consolidation
Newsfile· 2025-08-11 21:00
Core Viewpoint - Canter Resources Corp. plans to consolidate its common shares on a 7-for-1 basis to enhance its capital structure and improve trading liquidity, positioning the company for strategic partnerships and growth [1][2]. Share Consolidation Details - The consolidation will reduce the number of issued and outstanding shares from 57,198,401 to approximately 8,171,200 [2]. - No fractional shares will be issued; fractional interests will be rounded down or up based on their value [3]. - New CUSIP and ISIN numbers will be obtained for the consolidated shares, with further details to be disclosed in a subsequent release [4]. Shareholder Information - Registered shareholders will receive instructions for exchanging their share certificates, while non-registered shareholders will see automatic adjustments in their brokerage accounts [5]. Company Overview - Canter Resources Corp. is focused on lithium-boron exploration, advancing projects in Nevada, including the Columbus Lithium-Boron Project and the Railroad Valley Lithium-Boron Project [6]. - The company aims to define mineral resources that support technology and clean energy supply chains in North America [6].
CSE Bulletin: Consolidation - Aether Global Innovations Corp. (AETH)
Newsfile· 2025-08-08 20:01
Group 1 - Aether Global Innovations Corp. announced a consolidation of its issued and outstanding common shares at a ratio of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares [1][2][3] - The total number of outstanding shares will be reduced to approximately 12,480,456 common shares following the consolidation [1][3] - The company's name and symbol will remain unchanged despite the share consolidation [1][2][3] Group 2 - All open orders will be canceled at the close of business on August 11, 2025, and dealers are advised to re-enter their orders considering the share consolidation [2][3] - Trading on a consolidated basis will commence on August 12, 2025 [4] - The record date and anticipated payment date for the consolidation is also set for August 12, 2025 [4]
Scryb Announces Effective Date of Proposed Share Consolidation
Newsfile· 2025-08-08 02:20
Core Points - Scryb Inc. will proceed with a share consolidation on a basis of one new common share for every ten old common shares, effective August 13, 2025 [1][2] - The company currently has 323,187,472 common shares issued and outstanding, which will reduce to approximately 32,318,731 common shares post-consolidation [3] - No fractional common shares will be issued; any resulting fractions will be rounded down to the nearest whole number without cash compensation [3] - TSX Trust Company will send a Letter of Transmittal to shareholders for exchanging pre-consolidation share certificates for post-consolidation certificates [4] Company Overview - Scryb Inc. invests in and supports a portfolio of ventures across AI, biotech, digital health, and cybersecurity [5]
Sol Strategies Monthly Update
Newsfile· 2025-08-05 13:23
Core Insights - SOL Strategies Inc. reported a 15% month-over-month revenue growth from June to July 2025, indicating strong operational performance [1][8] - The company has received board approval for a 1-for-8 share consolidation to facilitate its planned Nasdaq listing, which is a significant step towards accessing U.S. capital markets [8][9] - ARK Invest's Digital Asset Revolutions Fund has selected SOL Strategies as its exclusive staking provider, marking a notable partnership with a leading asset management firm [8][9] Financial Performance - Validator operations generated a 15.4% increase in revenue in SOL terms compared to June, driven by growth in network activity and operational efficiencies, achieving a gross margin of approximately 90% [8][9] - As of July 31, 2025, the company holds 396,717 SOL valued at CAD $91.4 million and combined SOL holdings of 428,995 SOL valued at CAD $98.8 million [8] - The company has achieved 100% uptime on its validator operations for over 500 days, showcasing reliability in its infrastructure [8] Upcoming Events - SOL Strategies will release its financial results for the third quarter ending June 30, 2025, on August 26, 2025, followed by a webcast to discuss performance and strategic progress [10][11]
Atomic Minerals Proceeds to Consolidation
Newsfile· 2025-08-05 11:01
Core Viewpoint - Atomic Minerals Corporation is proceeding with a share consolidation of one post-consolidation common share for every two pre-consolidation common shares, effective August 7, 2025, to enhance capital-raising flexibility and attract a broader investor base [1][2][4]. Share Consolidation Details - The new ISIN and CUSIP for the shares will be CA04965P3079 and 04965P307 respectively [2]. - Currently, there are 58,331,591 common shares issued and outstanding, which will reduce to approximately 29,165,795 shares post-consolidation. Fractional shares will be rounded up or cancelled based on specific thresholds [3]. Strategic Rationale - The Board believes that the consolidation will provide increased flexibility to seek additional capital under current market conditions and is in the best interests of shareholders, potentially leading to greater interest from a wider audience of investors [4]. Debt Settlement Plan - The company plans to issue up to 7,000,000 common shares at a price of $0.05 each on a post-consolidated basis to settle debts totaling up to $350,000, pending necessary regulatory approvals [6]. Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSX Venture Exchange, focusing on identifying exploration opportunities in underexplored regions with geological similarities to past uranium discoveries [7]. - The company holds uranium projects with significant technical merit in two locations, including three projects on the Colorado Plateau and properties in the Athabasca region of Saskatchewan and Quebec, Canada [8].