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Copper Lake Resources Ltd. Corporate Update
Globenewswire· 2025-05-27 21:00
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”) announces that it will be seeking shareholder approval at the upcoming Annual General and Special Meeting of Shareholders, to be held on June 12, 2025, for a consolidation of its issued and outstanding common shares (the “Shares”). (See the Management Information Circular dated May 12, 2025 on SEDAR+ for more information). The shareholder resolution, if approved, wil ...
E-Home Household Service Holdings Limited Announces Share Consolidation
Prnewswire· 2025-05-27 20:30
Core Viewpoint - E-Home Household Service Holdings Limited has announced a share consolidation at a ratio of one-for-fifty to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements [2][3]. Group 1: Share Consolidation Details - The extraordinary general meeting held on May 1, 2025, resulted in shareholder approval for a share consolidation within a range of one-for-two to one-for-fifty [1]. - The Board determined the exact ratio for the share consolidation to be one-for-fifty on May 8, 2025, with trading on a post-consolidation basis starting on May 30, 2025 [2]. - The current number of outstanding shares is 183,690,171, which will reduce to approximately 3,673,850 post-consolidation [2]. Group 2: Shareholder Impact - Shareholders will receive one post-consolidation ordinary share for every fifty pre-consolidation shares held, with their percentage ownership and voting power remaining largely unchanged [3]. - Fractional shares will not be issued; instead, they will be rounded up in connection with the share consolidation [3]. - Shareholders holding shares in electronic form will see the effects of the consolidation automatically reflected in their brokerage accounts [3]. Group 3: Company Overview - E-Home Household Service Holdings Limited, established in 2014, is based in Fuzhou, China, and provides integrated household services through its website and WeChat platform [4]. - The company offers services including installation and maintenance of home appliances, housekeeping, and cleaning services [4]. - E-Home aims to set the benchmark in the household service industry in China, adhering to a customer-centric business philosophy [5].
Altisource Shares to Be Consolidated at a Ratio of 1-for-8
Globenewswire· 2025-05-23 11:42
Core Viewpoint - Altisource Portfolio Solutions S.A. will implement a 1-for-8 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share, effective May 28, 2025 [1][2][4] Group 1: Share Consolidation Details - The reverse stock split will reduce the number of issued and outstanding shares from approximately 88,951,925 to about 11,118,990 [4] - The consolidation will not change the authorized number of shares, and no fractional shares will be issued; instead, shareholders will receive cash for any fractional shares [3][4] - The new CUSIP number for the shares post-consolidation will be L0175J 138, and trading will continue under the symbol "ASPS" [2][4] Group 2: Approval and Process - The board of directors approved the share consolidation on March 16, 2025, and it was subsequently approved by shareholders on May 13, 2025 [4] - Equiniti Trust Company, LLC will act as the exchange agent for the share consolidation, providing instructions to shareholders regarding the exchange of stock certificates [5]
Hi-View Resources Corporate Update
Globenewswire· 2025-05-16 21:36
Core Viewpoint - Hi-View Resources Inc. plans to consolidate its common shares on an 8-old-for-1-new share basis to attract capital for the development of its Toodoggone holdings [1][3]. Share Consolidation Details - The current outstanding shares will be reduced to approximately 4,840,060 post-consolidation shares, with no fractional shares issued [2]. - Fractional shares less than one-half will be canceled, while those at least one-half will be rounded up to the nearest whole share [2]. - The exercise or conversion price of outstanding stock options and convertible instruments will be proportionately adjusted [2]. Strategic Rationale - The CEO of Hi-View emphasizes the need for significant investment in the nearly 10,000-hectare Toodoggone land package, which has seen less than 1% explored through drilling [3]. - The Board believes the consolidation is necessary for better positioning the company for future corporate development and financing opportunities [3]. Timeline and Trading Information - The record date for the consolidation is set for May 28, 2025, with trading of post-consolidated shares expected to commence on or about the same date, pending final approval [4]. - The company's name and stock symbol will remain unchanged following the consolidation [4]. Company Overview - Hi-View Resources Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada, holding a 100% interest in the Babine BC Copper-Gold property and interests in several other claims in the Toodoggone region [5].
AGM Group Holdings Inc. Announces 50 for 1 Share Consolidation
Globenewswire· 2025-05-14 20:05
Core Points - AGM Group Holdings Inc. announced a share consolidation on a 50 for 1 ratio, effective June 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2] - The consolidation will automatically convert every 50 ordinary shares into one ordinary share, with no fractional shares issued [3] - The maximum number of authorized shares will be reduced from 400 million to 8 million, with changes in par value for Class A and Class B shares [4] Company Overview - AGM Group Holdings Inc. is an integrated technology company focused on high-performance hardware and computing equipment, particularly in the blockchain ecosystem [5]
ALLIED GOLD ANNOUNCES SHARE CONSOLIDATION IN CONNECTION WITH INTENTION TO LIST ON THE NEW YORK STOCK EXCHANGE
Prnewswire· 2025-05-08 21:51
TORONTO, May 8, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") announces that, following the requisite approval of the Company's shareholders at the 2025 Annual General and Special Meeting of Shareholders held earlier today, the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every three ( ...
Premium Announces Intention to List on the NASDAQ and Provides Details for Upcoming Annual General & Special Meeting
Newsfile· 2025-05-06 13:10
Core Points - Premium Resources Ltd. intends to list its common shares on the Nasdaq Capital Market and has scheduled its 2025 Annual General and Special Meeting of Shareholders for June 3, 2025 [1][2][3] - The company will seek shareholder approval for a consolidation of its common shares at a ratio of up to 20:1 to meet Nasdaq's initial listing requirements, which mandate a minimum bid price of US$4 per share [2][3] - As of the record date for the AGSM, there are 428,986,474 common shares outstanding, which would reduce to approximately 21,449,323 shares if the 20:1 consolidation is approved [2] Company Overview - Premium Resources Ltd. is focused on the redevelopment of previously producing nickel, copper, and cobalt mines in Botswana [4] - The company emphasizes governance through transparency and accountability, with a team that has extensive experience in resource discovery and mine development [5]
VAXIL: SHARE CONSOLIDATION
Globenewswire· 2025-05-06 11:50
Not for distribution by US newswire or in United States TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- VAXIL BIO LTD. (“Vaxil” or the “Company”) (TSX VENTURE: VXL), is pleased to make the following updates regarding the Company’s activities. Vaxil announces that it will be consolidating all of the issued and outstanding common shares of the Company ("Common Shares") on the basis of one (1) post consolidation Common Share for each fifty (50) pre consolidation Common Shares (the "Consolidation"). The Corporatio ...
Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring
Globenewswire· 2025-05-01 13:00
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the “Option Agreement”) with Magma Silver Corp. (TSX.V: MGMA) (“Magma Silver”) for the sale (the “Transaction”) of the Niñobamba Au-Ag property (“Niñobamba” or the “Project”). Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. Th ...
Montero Announces Effective Date of Share Consolidation
Globenewswire· 2025-04-30 22:15
Core Points - Montero Mining and Exploration Ltd. has received approval from the TSX Venture Exchange for a share consolidation at a ratio of six pre-Consolidation common shares for one post-Consolidation common share, effective May 5, 2025 [1][2] - Following the consolidation, the total number of common shares will decrease from 50,122,975 to 8,353,833 [1][2] - The consolidation will not require shareholder approval and was passed by the board of directors [1][2] Share Consolidation Details - The company's name and trading symbol will remain unchanged, with a new CUSIP number of 612648402 and ISIN number of CA6126484022 for the post-Consolidation shares [2] - No fractional common shares will be issued; fractions less than 0.5 will be rounded down, and those equal to or greater than 0.5 will be rounded up [2] - The exercise or conversion price of any convertible securities will be proportionately adjusted upon completion of the consolidation [2] Shareholder Instructions - Registered shareholders will receive a letter of transmittal from Odyssey Trust Company with instructions for exchanging their share certificates [3] - Non-registered shareholders do not need to take any action for the consolidation [3] - The letter of transmittal will also be available on the company's SEDAR+ profile [3] Company Background - Montero has settled a US$27 million dispute with Tanzania regarding the expropriation of the Wigu Hill rare earth element project [4] - The company also holds the Avispa copper-molybdenum project in northern Chile and plans to advance its exploration [4] - Montero's management team has a strong track record in discovering and developing precious metal and copper projects [4]