Badlands Announces Share Consolidation

Rhea-AI Summary

Badlands Resources (OTCQB:BDLNF, TSXV:BLDS) announced that its board authorized a share consolidation on the basis of 3.5 pre-consolidation common shares for 1 post-consolidation share. The consolidation remains subject to TSX Venture Exchange approval, and the effective date will be announced in a later release.

AI-generated analysis. Not financial advice.

Positive

• Board approves 3.5-for-1 share consolidation of common shares, pending approvals

Negative

• Share consolidation subject to TSX Venture Exchange approval before becoming effective
• Effective date and implementation details not yet disclosed to shareholders

Vancouver, British Columbia--(Newsfile Corp. - May 11, 2026) - Badlands Resources Inc. (TSXV: BLDS) (FSE: B7Q) ("Badlands" or the "Company") announces that the Board of Directors of the Company has recommended and authorized a consolidation of the Company's outstanding common shares on the basis of three and one-half (3.5) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). The Consolidation remains subject to the approval of the TSX Venture Exchange. The effective date and further details of the Consolidation will be disclosed in a subsequent news release following receipt of all requisite approvals.

On Behalf of the Board of Directors
BADLANDS RESOURCES INC.

R. Dale Ginn, President and CEO

For further information, please contact:
R. Dale Ginn
Tel: 604-678-5308 | dale@rsdcapital.com

Or visit our website: www.badlandsresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward-Looking Statements

Statements contained in this press release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, statements respecting completion of the Consolidation and the conditions thereto. The words "anticipate," "significant," "expect," "may," "will" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in a materially adverse manner; that all requisite approvals will be received and all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays; general economic, market or business conditions, regulatory changes; timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297025

FAQ

What share consolidation did Badlands Resources (OTCQB:BDLNF) announce on May 11, 2026?

Badlands Resources announced a share consolidation at a 3.5-to-1 ratio. According to the company, shareholders will receive one post-consolidation common share for every three and one-half pre-consolidation common shares once all required approvals are obtained.

Is the Badlands Resources (BDLNF) share consolidation already effective?

The Badlands Resources share consolidation is not yet effective. According to the company, the consolidation remains subject to TSX Venture Exchange approval, and the effective date will be disclosed in a subsequent news release once requisite approvals are received.

How will the 3.5-to-1 Badlands Resources (BDLNF) share consolidation affect existing shares?

The consolidation will exchange 3.5 existing shares for 1 new share. According to Badlands, each shareholder’s number of common shares will be reduced based on this ratio once the consolidation is implemented, while the proportional ownership percentage is expected to remain unchanged.

Why did the Badlands Resources board approve a share consolidation for BLDS/BDLNF?

Badlands stated only that its board recommended and authorized a share consolidation. The company has not disclosed specific strategic reasons in this announcement, indicating that further details may follow once approvals are obtained and an effective date is set.

What regulatory approvals are required for the Badlands Resources (BDLNF) share consolidation?

The Badlands Resources share consolidation requires TSX Venture Exchange approval. According to the company, the effective date and additional implementation details will be provided in a future news release after all necessary regulatory approvals have been secured.