Share Consolidation
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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].
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]