Share Consolidation
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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]
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]