Medaro Mining Announces Share Consolidation
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) has announced a 5:1 share consolidation (reverse stock split) of its common shares. Following the consolidation, which is expected to begin trading on the Canadian Securities Exchange on May 9, 2025, the company's outstanding shares will reduce from 18,239,295 to approximately 3,647,861 shares.
The consolidation will proportionally adjust the exercise price and number of shares for outstanding convertible securities. No fractional shares will be issued - fractions below 1/2 will be cancelled while those 1/2 or above will be rounded up. Shareholders do not need to take any action, as new DRS statements will be sent to registered shareholders, and shares held through brokers will be automatically adjusted.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) ha annunciato una consolidazione azionaria 5:1 (split inverso) delle sue azioni ordinarie. Dopo la consolidazione, che dovrebbe iniziare la negoziazione sulla Canadian Securities Exchange il 9 maggio 2025, il numero di azioni in circolazione si ridurrà da 18.239.295 a circa 3.647.861 azioni.
La consolidazione adeguerà proporzionalmente il prezzo di esercizio e il numero di azioni relative ai titoli convertibili in circolazione. Non saranno emesse azioni frazionarie: le frazioni inferiori a 1/2 saranno annullate, mentre quelle pari o superiori a 1/2 saranno arrotondate per eccesso. Gli azionisti non devono intraprendere alcuna azione, poiché i nuovi estratti conto DRS saranno inviati agli azionisti registrati e le azioni detenute tramite broker saranno automaticamente adeguate.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) ha anunciado una consolidación de acciones 5:1 (split inverso) de sus acciones comunes. Tras la consolidación, que se espera comience a cotizar en la Canadian Securities Exchange el 9 de mayo de 2025, las acciones en circulación de la compañía se reducirán de 18,239,295 a aproximadamente 3,647,861 acciones.
La consolidación ajustará proporcionalmente el precio de ejercicio y el número de acciones de los valores convertibles en circulación. No se emitirán acciones fraccionarias: las fracciones menores a 1/2 serán canceladas, mientras que las iguales o mayores a 1/2 se redondearán hacia arriba. Los accionistas no necesitan realizar ninguna acción, ya que se enviarán nuevos estados DRS a los accionistas registrados y las acciones mantenidas a través de corredores se ajustarán automáticamente.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF)는 보통주에 대해 5:1 주식 병합 (역주식 분할)을 발표했습니다. 병합 후, 2025년 5월 9일 캐나다 증권거래소에서 거래가 시작될 예정이며, 회사의 발행 주식 수는 18,239,295주에서 약 3,647,861주로 줄어들게 됩니다.
이번 병합은 미결제 전환증권의 행사 가격과 주식 수를 비례적으로 조정합니다. 소수 주식은 발행되지 않으며, 1/2 미만의 소수는 취소되고 1/2 이상은 반올림됩니다. 주주들은 별도의 조치를 취할 필요가 없으며, 등록 주주에게는 새로운 DRS 명세서가 발송되고, 중개인을 통해 보유한 주식은 자동으로 조정됩니다.
Medaro Mining Corp (CSE : MEDA) (OTC : MEDAF) a annoncé une regroupement d’actions au ratio de 5 pour 1 (division inversée) de ses actions ordinaires. Suite à ce regroupement, qui devrait commencer à être négocié sur la Canadian Securities Exchange le 9 mai 2025, le nombre d’actions en circulation passera de 18 239 295 à environ 3 647 861 actions.
Le regroupement ajustera proportionnellement le prix d’exercice et le nombre d’actions des titres convertibles en circulation. Aucune action fractionnaire ne sera émise : les fractions inférieures à 1/2 seront annulées, tandis que celles égales ou supérieures à 1/2 seront arrondies à l’unité supérieure. Les actionnaires n’ont aucune démarche à effectuer, car de nouveaux relevés DRS seront envoyés aux actionnaires inscrits et les actions détenues via des courtiers seront automatiquement ajustées.
Medaro Mining Corp (CSE: MEDA) (OTC: MEDAF) hat eine 5:1-Aktienzusammenlegung (Reverse Stock Split) seiner Stammaktien angekündigt. Nach der Zusammenlegung, die voraussichtlich am 9. Mai 2025 an der Canadian Securities Exchange gehandelt wird, reduziert sich die Anzahl der ausstehenden Aktien von 18.239.295 auf etwa 3.647.861 Aktien.
Die Zusammenlegung wird den Ausübungspreis und die Anzahl der Aktien bei ausstehenden wandelbaren Wertpapieren proportional anpassen. Es werden keine Bruchaktien ausgegeben – Bruchteile unter 1/2 werden gestrichen, Bruchteile von 1/2 oder mehr aufgerundet. Aktionäre müssen keine Maßnahmen ergreifen, da neue DRS-Abrechnungen an registrierte Aktionäre versandt werden und über Broker gehaltene Aktien automatisch angepasst werden.
- Consolidation may help meet minimum price requirements for exchange listing
- Could attract institutional investors who avoid low-priced stocks
- Reduced number of outstanding shares may decrease stock price volatility
- No change in company's market capitalization or underlying value
- Transaction costs for executing the consolidation
- Potential loss of value for shareholders due to fractional share cancellations
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC PINK: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") announces the consolidation of its common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the "Consolidation").
The Company anticipates its Common Shares will commence trading on a post-Consolidation basis on the Canadian Securities Exchange (the "CSE") at market open on May 9, 2025. The new CUSIP number for the post-Consolidation Common Shares will be 58404N307 and the new ISIN number will be CA58404N3076. The name of the Company and trading symbol will remain the same after the Consolidation.
The Company currently has 18,239,295 Common Shares issued and outstanding. Following the Consolidation, the Company expects to have 3,647,861 Common Shares issued and outstanding, subject to any rounding variance. No fractional Common Shares will be issued pursuant to the Consolidation. As a result of the Consolidation, if a shareholder of the Company ("Shareholder") becomes entitled to receive a fraction of a Common Share, each fractional Common Share that is less than one-half (1/2) of a Common Share will be cancelled and each fractional Common Share that is at least one-half (1/2) of a Common Share will be rounded up to the nearest whole number and no cash consideration will be paid in respect of cancelled fractional Common Shares.
The exercise price and number of Common Shares issuable upon the exercise of any outstanding securities convertible into Common Shares will be proportionately adjusted to reflect the Consolidation.
As no Common Shares are presently held in certificate format, a Letter of Transmittal will not be provided to Shareholders and no action need be taken by Shareholders. Registered Shareholders holding Direct Registration System ("DRS") statements will receive new DRS statements representing post-Consolidation Common Shares directly from the transfer agent of the Company. Common Shares held by Shareholders through a broker or other intermediary will also be consolidated with no action required by the Shareholder.
Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company and in accordance with the policies of the CSE, the Consolidation was initially approved by Shareholders at the Annual General Meeting of Shareholders held April 23, 2025, and, subsequently, by way of resolutions passed by the Board of Directors of the Company. The Consolidation and the date the post-Consolidation Common Shares commence trading on the CSE remain subject to the approval of the CSE and a bulletin will be issued by the CSE upon acceptance.
About Medaro Mining Corp.
Medaro Mining Corp. is a lithium exploration company based in Vancouver, BC, and holds options over the Darlin, Rapide, Lac La Motte and CYR South lithium properties in Quebec. The Company owns the James Bay Pontax Project in Quebec.
On Behalf of the Board of Directors
Faizaan Lalani
Interim CEO & Director
Email: info@medaromining.com
Tel: 778-837-7191
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations or activities of Medaro, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the Consolidation, including the ratio, timing, and CSE approval thereof, and issuance of a bulletin by the CSE. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to complete the Consolidation on the terms detailed herein and that the Canadian Securities Exchange may object to the Consolidation and use its discretion to prohibit the Consolidation. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Medaro does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250920
FAQ
What is the ratio of Medaro Mining's (MEDAF) share consolidation announced in May 2025?
When will MEDAF's share consolidation take effect on the Canadian Securities Exchange?
How many shares will Medaro Mining have outstanding after the May 2025 consolidation?
Do Medaro Mining shareholders need to take any action for the 2025 share consolidation?
What happens to fractional shares in Medaro Mining's 2025 consolidation?
