Share Consolidation
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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
Core Points - Vaxil Bio Ltd. will consolidate its common shares at a ratio of one post-consolidation share for every fifty pre-consolidation shares [1][2] - The effective date for the consolidation is set for May 15, 2025, with trading on a post-consolidation basis expected to commence on or about the same date [2] - The total number of outstanding common shares will decrease from approximately 136,978,973 to about 2,739,579 post-consolidation [3] Shareholder Information - Registered shareholders will receive letters of transmittal and must deposit their share certificates with Computershare Investor Services Inc. [4] - Non-registered shareholders should check with their intermediaries for specific procedures regarding the consolidation [4] Financial Instruments Adjustment - Outstanding stock options and share purchase warrants will be adjusted according to the consolidation ratio, affecting their respective exercise prices [5] Company Overview - Vaxil is an Israeli biotech company focused on immunotherapy, particularly its lead product ImMucin™, which has completed a Phase 1/2 clinical trial for multiple myeloma and received orphan drug status from the FDA and EMA [6] - The company is currently evaluating whether to continue developing ImMucin™ or explore other business opportunities to enhance shareholder value [6]
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]
KWESST Announces Clarification of its Share Consolidation and Effectiveness
Newsfile· 2025-04-23 13:57
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].
KWESST Announces 1-for-21 Share Consolidation
Newsfile· 2025-04-21 11:30
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].