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American Salars Announces A 10 For 1 Share Consolidation
Thenewswire· 2025-10-02 07:01
Core Viewpoint - American Salars Lithium Inc. is seeking approval from the Canadian Securities Exchange to consolidate its common shares on a 10:1 basis, reducing the number of outstanding shares significantly [1][2]. Share Consolidation Details - The consolidation will decrease the number of issued and outstanding common shares from 36,130,605 to approximately 3,613,060 [2]. - The company has 3,500,000 outstanding warrants, which will equate to about 350,000 common shares post-consolidation, and stock options for 3,620,000 common shares, translating to approximately 326,000 common shares post-consolidation [2]. Fractional Shares Policy - No fractional shares will be issued; any resulting fractional shares will be rounded down to the nearest whole share, with no cash compensation provided for these fractions [3]. Strategic Rationale - The board believes the share consolidation will enhance the company's flexibility for business development and financing arrangements, with no associated changes to the business model, name, or stock symbol [4]. Future Communications - The company will issue a further news release to announce the effective date of the consolidation along with new CUSIP and ISIN numbers [5]. Company Overview - American Salars Lithium is focused on exploring and developing high-value battery metals projects to cater to the growing electric vehicle market [6].
Lucky Announces Effective Date of Share Consolidation of Common Shares
Thenewswire· 2025-09-29 22:05
Core Points - Lucky Minerals Inc. will undergo a share consolidation effective October 2, 2025, at a ratio of one post-consolidation share for every ten pre-consolidation shares [1][3] - The current number of common shares is 202,254,083, which will reduce to approximately 20,225,427 post-consolidation [1] - The consolidation has been approved by the Company's board of directors and the TSX Venture Exchange [1][3] - The Company's name and stock symbol will remain unchanged, with a new CUSIP number of 549546505 and ISIN CA5495465059 for post-consolidation shares [2] Company Overview - Lucky Minerals Inc. is an exploration and development company focused on large-scale mineral systems in proven districts with potential for world-class deposits [5]
Tinka Announces Effective Date of Share Consolidation
Newsfile· 2025-09-29 16:33
Core Viewpoint - Tinka Resources Limited has received approval for a consolidation of its common shares on a 5:1 basis, which is expected to enhance marketability and attract new shareholders [1][3]. Share Consolidation Details - The consolidation will convert five pre-consolidation shares into one post-consolidation share, effective October 1, 2025 [1][2]. - The company currently has 408,696,885 shares outstanding, which will reduce to approximately 81,739,377 shares post-consolidation [3]. - After the closing of a non-brokered private placement, the total shares outstanding will be approximately 132,648,468 [3]. Shareholder Instructions - No fractional shares will be issued; any fractions will be rounded to the nearest whole share [4]. - Registered shareholders must submit their pre-consolidation share certificates along with a letter of transmittal to receive post-consolidation shares [5]. Company Overview - Tinka Resources is focused on the Ayawilca zinc-silver-tin project in Peru, with significant mineral resources including an indicated resource of 28.3 million tonnes grading 5.8% zinc [7]. - The company is also exploring the Silvia copper-gold project [7].
Lodestar Metals Announces $500,000 Private Placement, Strategic Share Consolidation and Strengthened Leadership Team
Newsfile· 2025-09-29 11:35
Core Viewpoint - Lodestar Metals Corp. is undertaking a private placement of up to C$500,000 to strengthen its balance sheet and enhance its exploration efforts in Nevada's gold sector [1][2][3] Private Placement Details - The company plans a non-brokered private placement of up to 6,666,666 post-consolidation units at a price of C$0.075 per unit, aiming for gross proceeds of up to C$500,000 [1][7] - Each post-consolidation unit will consist of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at $0.12 for two years [2][3] Share Consolidation - Lodestar will consolidate its shares at a ratio of two pre-consolidated shares to one post-consolidated share, reducing the total from 47,336,500 to 23,668,250 shares [4][5][7] - The consolidation aims to improve the capital structure and attract long-term investors [4][7] Leadership Team Enhancement - The company has appointed Randene Seeman as a new Director and Doug Engdahl as a Strategic Advisor, enhancing the leadership team's expertise [8][9] - Seeman brings over 25 years of experience in mining and resource sectors, while Engdahl has over 20 years of geological experience [9][12][13] Use of Proceeds - Proceeds from the private placement will be allocated for exploration and drilling on the Goldrun Project in Nevada, as well as for working capital [3][16] Engagement of Financial Advisor - Lodestar has engaged Jemini1 Finance Inc. for investor outreach and financing support, with a four-month term and a monthly fee of C$5,000 [14]
Searchlight Announces Completion of Share Consolidation
Newsfile· 2025-09-26 20:30
Core Viewpoint - Searchlight Resources Inc. has announced a consolidation of its common shares at a ratio of five pre-consolidated shares to one post-consolidated share to enhance its ability to attract future financing, generate investor interest, and improve trading liquidity [1][2]. Share Consolidation Details - The effective date of the share consolidation is set for October 2, 2025 [2]. - The total number of pre-consolidation common shares was 146,546,134, which will be reduced to 29,309,227 post-consolidation common shares [2]. - Registered shareholders will receive new share certificates under the new CUSIP number 81222L204 [2].
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]