Bayridge Announces Record Date for Share Consolidation

Rhea-AI Summary

Bayridge Resources Corp. (OTCQB: BYRRF) has announced a 10:1 share consolidation effective August 29, 2025. Following the consolidation, the company's total outstanding shares will be reduced to approximately 7,342,297 shares.

The company will maintain its trading symbol "BYRG" on the Canadian Securities Exchange, though a new CUSIP number (07309M203) has been assigned. Odyssey Trust Company, the transfer agent, has confirmed that shareholders of record will hold shares represented by DRS statements, with the consolidation being conducted on a "push-out" basis.

Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K) (the "Company" or "Bayridge") announces that, further to its news release dated August 13, 2025, effective at the opening of trading on August 29, 2025 (the "Effective Date") the common shares of the Company (the "Shares") will commence trading on the Canadian Securities Exchange on a consolidated basis, with one (1) post-consolidated Share outstanding for every ten (10) pre-consolidated Shares (the "Consolidation").

As a result of the consolidation, on the Effective Date, a total of approximately 7,342,297 Shares will be issued and outstanding, subject to adjustments for rounding. No fractional Shares will be issued, and any post-consolidated fraction of a Share will be rounded to the nearest whole number of Shares. The name of the Company has not been changed, and the trading symbol remains "BYRG". A new CUSIP number has been issue for the post-consolidated Shares, being 07309M203.

The transfer agent for the Company, Odyssey Trust Company, has confirmed that all shareholders of record as of the Effective Date hold Shares represented by a DRS statement, and, as such, the Consolidation is being conducted on a "push-out" basis.

About Bayridge Resources Corp.

Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested. The 11,142 ha Constellation project is located 60 km south of the present-day Athabasca Basin edge in an area of significant exploration activity for basement hosted uranium. Historic airborne radiometric, electromagnetic, and magnetic surveys identified electromagnetic conductors associated with magnetic lows.

ON BEHALF OF THE BOARD OF DIRECTORS:

For more information, please contact:

Satvir Dhillon, President and Chief Executive Officer
Email: saf@bayridgeresources.com
Tel: 604-484-3031

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note on Forward-Looking Information

This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions and, in this news release, includes statements relating to the terms and completion of the consolidation, the financial and business prospects of the Company, its assets and other matters. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263882

FAQ

When will Bayridge Resources (BYRRF) share consolidation take effect?

The share consolidation will take effect at the opening of trading on August 29, 2025.

What is the ratio of Bayridge Resources' share consolidation?

The share consolidation ratio is 10:1, meaning one post-consolidated share for every ten pre-consolidated shares.

How many shares will Bayridge Resources have outstanding after the consolidation?

After the consolidation, Bayridge Resources will have approximately 7,342,297 shares outstanding, subject to adjustments for rounding.

Will Bayridge Resources' trading symbol change after the consolidation?

No, the trading symbol will remain as BYRG on the Canadian Securities Exchange, though a new CUSIP number (07309M203) has been assigned.

How will fractional shares be handled in Bayridge Resources' consolidation?

No fractional shares will be issued. Any post-consolidated fraction of a share will be rounded to the nearest whole number of shares.