Share Consolidation

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Western Forest Products Inc. Announces Effective Date of Share Consolidation
Globenewswire· 2025-07-24 13:00
Core Points - Western Forest Products Inc. announced the effective date for the consolidation of its common shares, which will be on July 24, 2025, at a ratio of one post-consolidation share for every 30 pre-consolidation shares [1][2] - The Toronto Stock Exchange has approved the Share Consolidation, and trading of the post-consolidation shares is expected to begin on July 28, 2025 [2] - The number of issued and outstanding common shares will decrease from approximately 316,745,557 to about 10,558,185 post-consolidation, subject to rounding adjustments [4] Share Consolidation Details - No fractional common shares will be issued; fractional interests will be rounded down or up based on their value [3] - Computershare Investor Services Inc. will act as the exchange agent for the Share Consolidation, providing registered shareholders with a letter of transmittal to facilitate the process [5] - Non-registered shareholders should consult their intermediaries for specific procedures related to the Share Consolidation [6] Company Overview - Western Forest Products is an integrated forest products company focused on a margin-driven log and lumber business, primarily operating in British Columbia and Washington State [8] - The company has a lumber capacity of 780 million board feet from six sawmills and operates four remanufacturing facilities and two glulam manufacturing facilities [8] - Western sources timber through long-term licenses, First Nations arrangements, and market purchases, supplemented by a wholesale program for specialty products [8]
TWG Announces 1-for-90 Share Consolidation
Globenewswire· 2025-07-17 13:45
Company Overview - Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, with operations conducted through its subsidiary in Hong Kong, Top Wealth Group (International) Limited [4] - The company specializes in supplying premium-class sturgeon caviar, with products endorsed by CITES permits [4] - Top Wealth offers caviar under private labeling for customers and also markets its own brand, "Imperial Cristal Caviar," which has seen significant sales growth since its launch [4] Share Consolidation Announcement - The company announced the approval of a proposed 1-for-90 share consolidation of its Class A and Class B ordinary shares [1] - The share consolidation is aimed at regaining compliance with Nasdaq Marketplace Rule 5550(a)(2) to maintain its listing on the Nasdaq Capital Market [2] - Effective from July 21, 2025, every 90 issued and outstanding ordinary shares will be consolidated into one share of a new par value of US$0.009, with no fractional shares issued [3] - The consolidation was approved by the company's board of directors on June 11, 2025, and by shareholders on April 8, 2025 [3]
Atomic Minerals Announces Share Consolidation & Debt Settlement
Newsfile· 2025-07-08 18:20
Core Viewpoint - Atomic Minerals Corporation is recommending a consolidation of its common shares at a ratio of two pre-consolidated shares for one new post-consolidated share to enhance flexibility and position the company for long-term growth [1][4]. Share Consolidation - The company currently has 58,331,591 common shares issued and outstanding, which will reduce to approximately 29,165,795 shares post-consolidation [2]. - The company's name and stock symbol will remain unchanged, but the CUSIP and ISIN numbers will be updated. Fractional shares will be rounded up or cancelled based on specific thresholds [2]. Debt Settlement - The company plans to settle up to $350,000 of outstanding debts by issuing up to 7,000,000 common shares at a price of $0.05 per share on a post-consolidated basis [3]. - After the consolidation and debt settlement, the total number of common shares is expected to be approximately 36,165,795 [3]. Company Strategy - The CEO of Atomic Minerals Corporation emphasized the importance of share consolidation in negotiating favorable terms for potential acquisitions and funding for future projects [4]. - The company is focused on exploring underappreciated regions with geological similarities to areas with previous uranium discoveries, aiming to capitalize on these opportunities [5][6].
Fidelity Minerals Corp. Completes Share Consolidation
Thenewswire· 2025-06-26 17:05
Core Viewpoint - Fidelity Minerals Corp. is set to consolidate its common shares on a 1-for-5 basis, effective June 30, 2025, reducing the number of outstanding shares from approximately 108.65 million to about 21.73 million [1]. Share Consolidation Details - The consolidation will result in the issuance of one new share for every five existing shares, with the new CUSIP number being 31622P305 and the new ISIN CA31622P3051 for the post-consolidated shares [1]. - Holders of uncertificated shares will have their accounts electronically adjusted by the Company's transfer agent or their brokerage firms, requiring no additional action from them [2]. - Registered shareholders with physical share certificates will receive a letter of transmittal instructing them to surrender their certificates for new ones representing their post-consolidation shares [3]. Company Overview - Fidelity Minerals Corp. has a portfolio of high-quality mining assets in Peru and Canada, focusing on large-scale copper and gold projects [4]. - The Company is currently assessing the Sunsets Project in British Columbia and advancing the Las Huaquillas project, which involves gold, copper, and silver in Northern Peru [4]. - Fidelity also holds a 25% interest in the Florina Greensands project, which is a potential resource for low-chloride potassium fertilizer [4]. - The Company aims to opportunistically expand its project portfolio through accretive acquisitions and is supported by an experienced management team and committed investors [4].
Erdene Announces Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-06-26 11:00
Core Points - Erdene Resource Development Corporation's shareholders voted in favor of all items at the Annual and Special Meeting held on June 25, 2025 [1] Group 1: Board and Executive Appointments - Shareholders approved management's nominees to the board of directors with high support, including Peter C. Akerley (99.76% for), Dr. Anna G. Biolik (99.61% for), T. Layton Croft (99.42% for), Kenneth W. MacDonald (99.76% for), and Cameron McRae (99.76% for) [2] - The board appointed Peter Akerley as President and CEO, T. Layton Croft as Chairman, Robert Jenkins as CFO, and Suzan Frazer as Corporate Secretary for the upcoming year [3] Group 2: Auditor and Rights Plan - MNP LLP was appointed as the Auditor of the Company until the next annual general meeting, with directors authorized to fix the Auditor's remuneration [4] - Shareholders approved the termination of the Company's shareholder rights plan effective June 26, 2025 [5] Group 3: Share Consolidation - A special resolution for the consolidation of all issued and outstanding common shares on a basis of one post-consolidated share for every six pre-consolidated shares was approved [6] - The board has been authorized to determine the effective date of the consolidation or to decide against proceeding without further shareholder approval [7] - The consolidation is subject to final approval from the Toronto Stock Exchange, with additional details available in the Company's management information circular [8] Group 4: Company Overview - Erdene Resource Development Corp. is focused on bringing the Bayan Khundii Gold Mine into production in late 2025 and is involved in the acquisition, exploration, and development of precious and base metals in Mongolia [9]
Fusion Fuel Announces AGM Results: All Shareholder Proposals Approved
Globenewswire· 2025-06-25 20:00
Group 1 - Fusion Fuel Green PLC announced that all shareholder proposals were approved at the Annual General Meeting held on June 25, 2025 [1] - The approval fulfills Nasdaq's requirement for the Company to hold an Annual General Meeting as part of its delisting notice [2] - The first proposal's approval allows for a planned share consolidation of Class A Ordinary Shares, aimed at raising the share price above Nasdaq's $1.00 minimum bid price requirement [2] Group 2 - CEO John-Paul Backwell stated that the AGM and approval of all items are significant steps toward addressing legacy issues and focusing on growth targets for the year [3] - The Company aims to continue the strong trajectory of Al Shola Gas and advance BrightHy Solutions while exploring acquisition opportunities [3] - Fusion Fuel Green PLC is positioned as a leader in the energy services sector, providing a range of energy supply, distribution, and engineering solutions through its Al Shola Gas and BrightHy brands [3]
Rio Silver Announces Results of Annual General Meeting, Amends Purchase Agreement for Maria Norte
Globenewswire· 2025-06-25 13:00
Core Points - Rio Silver Inc. received shareholder approval for all matters at the annual general meeting held on June 19, 2025 [2] - The approved resolutions included the election of directors, ratification of the auditor for the year ended December 31, 2024, reapproval of the equity incentive plan, and a share consolidation on a one-new-for-five-old basis [2] - The company amended its purchase agreement for the Maria Norte mining property, eliminating royalty provisions in exchange for a one-time cash payment of US$ 22,500 [3] - The board believes the share consolidation is essential for future corporate development and financing opportunities [3] - The CEO emphasized the company's commitment to sustainability and the potential of the Maria Norte property, which is adjacent to active mine production [3] - Rio Silver is focused on precious and base metal properties in Peru and is also interested in its Ontario Gerow Lake project [5] - The transaction allows the company to pursue planned acquisitions that could lead to near-term cash flow production [5] Company Overview - Rio Silver Inc. is a Canadian exploration and development company with significant insider ownership, primarily focused on opportunities in Peru [5] - The company is optimistic about the supportive mining policies in Peru and the ongoing investment in the region [4]
Water Ways Seeks Shareholder Approval for Potential Share Consolidation
Globenewswire· 2025-06-18 21:00
Core Viewpoint - Water Ways Technologies Inc. is proposing a share consolidation at a ratio of up to ten pre-Consolidation Common Shares for one post-Consolidation Common Share, subject to shareholder approval at a special meeting scheduled for July 14, 2025 [1][2]. Group 1: Share Consolidation Details - The Board seeks authority to implement the consolidation when deemed appropriate to enhance the capital structure and attract a broader pool of investors [2]. - Currently, there are 148,785,346 Common Shares outstanding, which would reduce to approximately 14,878,537 Common Shares post-Consolidation if approved [3]. - No fractional Common Shares will be issued, and no cash will be paid for fractional shares resulting from the consolidation [3]. Group 2: Trading and Adjustments - Post-Consolidation, the Common Shares will continue to trade on the TSX Venture Exchange under the symbol "WWT," and the company's name will remain unchanged [4]. - The exercise or conversion price and the number of Common Shares under outstanding warrants and stock options will be proportionately adjusted to reflect the consolidation [4]. Group 3: Previous Attempts and Regulatory Approval - The company had previously announced a proposed share consolidation in December 2024, which received shareholder approval but was not implemented, leading to the lapse of that approval [6]. - The consolidation is subject to prior approval from the Exchange and shareholders [5]. Group 4: Company Overview - Water Ways Technologies Inc. is a Canadian provider of Israeli-based agriculture technology, focusing on water irrigation solutions for agricultural producers in Canada and the USA [8]. - The company is capitalizing on opportunities in micro and smart irrigation, with projects including vineyards and fresh produce cooling rooms [8].
City View Green Holdings Inc. Announces Share Consolidation
Newsfile· 2025-06-16 21:34
Core Viewpoint - City View Green Holdings Inc. has announced a consolidation of its common shares at a ratio of ten pre-Consolidation shares for one post-Consolidation share, pending approval from the Canadian Securities Exchange [1] Share Consolidation Details - The consolidation will not issue fractional shares; any fractions will be rounded down to the nearest whole number [2] - The exercise or conversion price and the number of common shares under outstanding options, warrants, and other rights will be proportionately adjusted to reflect the consolidation [2] Expected Outcomes - Currently, the company has 456,813,473 common shares outstanding, which is expected to reduce to approximately 45,681,347 shares post-Consolidation, subject to rounding adjustments and any further issuances [3] - The company does not plan to change its name or trading symbol in conjunction with the consolidation [3] - A further news release will be issued once the record date for the consolidation is established [3]
Neo-Concept International Announces Share Consolidation
Globenewswire· 2025-06-12 12:00
Core Viewpoint - Neo-Concept International Group Holdings Ltd has approved a share consolidation, reducing the number of shares from 800 million to 160 million, effective by July 1, 2025, with trading on Nasdaq starting June 16, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation involves consolidating every five issued and unissued shares into one share, changing the par value from US$0.0000625 to US$0.0003125 [1]. - The authorized share capital will remain at US$50,000, but the number of shares will decrease from 800 million to 160 million, with class A shares reduced from 780 million to 156 million and class B shares from 20 million to 4 million [1]. Group 2: Company Overview - Neo-Concept International Group Holdings Limited is a one-stop apparel solution provider, offering services in market trend analysis, product design, raw material sourcing, production, quality control, and logistics management [3]. - The company serves customers in European and North American markets and sells its branded fashion products under "Les100Ciels" through retail stores in the UK and UAE, as well as e-commerce platforms [3]. Group 3: Environmental Commitment - The company is focused on minimizing its environmental footprint through eco-friendly practices, including recycling, clean processes, and traceable sourcing [4]. - Neo-Concept actively seeks sustainable solutions throughout the garment production process to meet customer needs in an environmentally responsible manner [4].