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 ...

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]

Core Viewpoint - KWESST Micro Systems Inc. is implementing a share consolidation of 21 pre-consolidation shares for each post-consolidation share, subject to final approval from the TSX Venture Exchange [1][4]. Group 1: Share Consolidation Details - The consolidation will take effect at 12:01 a.m. Eastern Daylight Time on April 23, 2025, for Nasdaq and on April 24, 2025, for TSXV, with trading halted on April 23 and resuming on a consolidated basis on April 24 [2]. - The new CUSIP number for post-consolidation shares will be 501506802, and the new ISIN number will be CA5015068029 [2]. Group 2: Impact on Warrants - The consolidation will not affect the number of issued and outstanding share purchase warrants, but the number of shares issuable upon exercise will be reduced, requiring 210 warrants to purchase one post-consolidation share at an exercise price of US$1,050.00 [3]. Group 3: Rationale for Consolidation - The company believes the consolidation is in the best interests of shareholders to ensure compliance with Nasdaq's minimum bid price requirements [4]. Group 4: Company Overview - KWESST develops next-generation tactical systems for military and security forces, including real-time situational awareness and countermeasures against various threats [5].

Core Viewpoint - KWESST Micro Systems Inc. will consolidate its common shares at a ratio of 21 pre-consolidation shares for 1 post-consolidation share, effective April 23, 2025, to comply with Nasdaq's minimum bid price requirements [1][5][8]. Group 1: Share Consolidation Details - The consolidation was approved by shareholders on March 31, 2025, with a maximum ratio of 25 pre-consolidation shares for 1 post-consolidation share, but the Board decided on a 21:1 ratio [2]. - Currently, there are 11,137,638 shares issued and outstanding, which will reduce to approximately 530,363 shares post-consolidation [3]. - No fractional shares will be issued; fractions will be rounded to the nearest whole number [4]. Group 2: Purpose and Impact - The primary purpose of the consolidation is to increase the share price to meet Nasdaq's continued listing requirements [5][8]. - The consolidation will not affect the number of outstanding share purchase warrants, but the number of shares per warrant will be adjusted to 21 warrants for 1 post-consolidation share, with an increased exercise price of US$1,050.00 [7]. - The exercise price and number of shares for other convertible securities will also be proportionately adjusted [8]. Group 3: Company Overview - KWESST develops next-generation tactical systems for military and security forces, including digitization of tactical forces and countermeasures against various threats [9][10]. - The company is headquartered in Ottawa, Canada, with offices in London, UK, and Abu Dhabi, UAE [10].