Metal Energy Provides Corporate Update
Metal Energy (MEEEF) announced a one-for-five share consolidation (reverse split) expected to take effect on October 20, 2025, subject to TSX Venture Exchange approval. Immediately prior to the consolidation the company expects 141,346,980 common shares outstanding and expects 28,269,396 common shares after consolidation, subject to rounding.
The company confirmed its name and trading symbol remain unchanged, a new CUSIP (591088208; ISIN CA5910882086) will replace the old CUSIP, and outstanding warrants, options and convertible securities will be proportionately adjusted. No fractional shares will be issued; fractional interests will be rounded up at 0.5 or greater, otherwise rounded down.
Metal Energy (MEEEF) ha annunciato una riorganizzazione azionaria da 1 per 5 azioni (reverse split) che dovrebbe avere effetto il 20 ottobre 2025, soggetta all'approvazione della TSX Venture Exchange. Immediatamente prima della riorganizzazione la società prevede 141.346.980 azioni ordinarie in circolazione e prevede 28.269.396 azioni ordinarie dopo la riorganizzazione, soggetta ad arrotondamenti.
La società ha confermato che il nome e il simbolo di negoziazione rimangono immutati, verrà sostituito un nuovo CUSIP (591088208; ISIN CA5910882086) al vecchio CUSIP, e i warrant in circolazione, le opzioni e i titoli convertibili saranno adeguati in modo proporzionale. Non verranno emesse azioni frazionarie; le quote frazionali saranno arrotondate per eccesso a 0,5 o superiore, altrimenti arrotondate per difetto.
Metal Energy (MEEEF) anunció una consolidación de acciones de 1 por 5 (split inverso) que se espera entre en vigor el 20 de octubre de 2025, sujeto a la aprobación de la TSX Venture Exchange. Inmediatamente antes de la consolidación la empresa espera 141,346,980 acciones comunes en circulación y espera 28,269,396 acciones comunes después de la consolidación, sujeto a redondeos.
La empresa confirmó que su nombre y símbolo de cotización permanecen sin cambios, se reemplazará un nuevo CUSIP (591088208; ISIN CA5910882086) al antiguo CUSIP, y las garantías, opciones y valores convertibles en circulación serán ajustados de forma proporcional. No se emitirán acciones fraccionarias; las participaciones fraccionarias se redondearán hacia arriba a 0,5 o superior, de lo contrario hacia abajo.
Metal Energy (MEEEF)는 1대 5 주식 통합(역분할)을 발표했고, 이는 2025년 10월 20일에 시행될 예정이며 TSX Venture Exchange의 승인이 필요합니다. 통합 직전에 회사는 대주주 주식수 141,346,980주를 보유하고, 통합 후에는 28,269,396주의 보통주가 남게 될 것으로 예상되며, 반올림에 따라 변동될 수 있습니다.
회사는 이름과 거래 기호는 변경되지 않는다고 확인했으며, 새 CUSIP(591088208; ISIN CA5910882086)가 기존 CUSIP를 대체하고, 발행 중인 워런트, 옵션 및 전환 가능 증권이 비례 조정될 것이라고 밝혔습니다. 소수점 주식은 발행되지 않으며, 소수점 이하는 0.5 이상은 올림, 그렇지 않으면 내림으로 반올림합니다.
Metal Energy (MEEEF) a annoncé une consolidation d'actions de 1 pour 5 (split inversé) qui devrait entrer en vigueur le 20 octobre 2025, sous réserve de l'approbation par TSX Venture Exchange. Immédiatement avant la consolidation, la société prévoit 1 41 346 980 actions ordinaires en circulation et prévoit 28 269 396 actions ordinaires après la consolidation, sous réserve d'arrondissements.
La société a confirmé que son nom et son symbole de négociation restent inchangés, un nouveau CUSIP (591088208; ISIN CA5910882086) remplacera l'ancien CUSIP, et les bons de souscription en cours, les options et les titres convertibles seront ajustés de manière proportionnelle. Aucune action fractionnée ne sera émise; les intérêts fractionnaires seront arrondis à la hausse à partir de 0,5 ou plus, sinon à la baisse.
Metal Energy (MEEEF) kündigte eine Aktienzusammenlegung im Verhältnis 1 zu 5 (Reverse Split) an, die voraussichtlich am 20. Oktober 2025 in Kraft tritt, vorbehaltlich der Genehmigung durch die TSX Venture Exchange. Unmittelbar vor der Zusammenlegung erwartet das Unternehmen 141.346.980 Stammaktien im Umlauf und erwartet 28.269.396 Stammaktien nach der Zusammenlegung, vorbehaltlich Rundungen.
Das Unternehmen bestätigte, dass Name und Handelskennzeichen unverändert bleiben, es wird eine neue CUSIP (591088208; ISIN CA5910882086) die alte CUSIP ersetzen, und ausstehende Warrants, Optionen und wandelbare Wertpapiere werden anteilig angepasst. Es werden keine Bruchteile von Aktien ausgegeben; Bruchanteile werden bei 0,5 oder höher aufgerundet, andernfalls abgerundet.
Metal Energy (MEEEF) أعلن عن توحيد أسهم بواقع 1 مقابل 5 (تقسيم عكسي) من المتوقع أن يدخل حيز التنفيذ في 20 أكتوبر 2025، رهناً بموافقة TSX Venture Exchange. فورياً قبل التوحيد تتوقع الشركة وجود ما يبلغ 141,346,980 سهماً عادياً قائماً وتتوقع أن يكون لديها 28,269,396 سهماً عادياً بعد التوحيد، رهناً بالتقريب.
أكدت الشركة أن اسمها ورمز التداول يظلان دون تغيير، وسيستبدل CUSIP جديد (591088208؛ ISIN CA5910882086) بالقديم، وسيتم تعديل الضمانات والمجموعة من حقوق خيارية وأسهم قابلة للتحويل بشكل نسبى. لن تتم إصدار أسهم كسور؛ سيتم تقريبات الكسور إلى الأعلى عند 0.5 أو أكثر، وإلا فسيتم التقريب إلى الأسفل.
Metal Energy (MEEEF) 宣布将进行 1对5股票合并（逆向拆分），预计将于 2025年10月20日 生效，需经 TSX Venture Exchange 批准。在合并前，公司预计流通在手普通股为 141,346,980 股，合并后预计将有 28,269,396 股普通股，需按四舍五入规则进行调整。
公司确认其 名称和交易代码保持不变，新 CUSIP（591088208；ISIN CA5910882086）将取代旧的 CUSIP，尚在流通的认股权证、期权和可转换证券将按比例调整。不会发行分割股；小数股权将按 0.5 或以上向上舍入，否则向下舍入。
- Share count reduced from 141,346,980 to 28,269,396
- Consolidation ratio is a clear 1-for-5 reverse split
- Outstanding warrants/options will be proportionately adjusted
- Consolidation is subject to TSX Venture Exchange approval
- No fractional shares will be issued; rounding may alter individual holdings
- New CUSIP assigned (591088208), requiring administrative updates for holders
Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Metal Energy Corp. (MERG: TSXV) (MEEEF: OTCQB) (the "Company" or "Metal Energy") is pleased to announce an update on its Projects, as well as a corporate update.
New Opportunities
Metal Energy continues to evaluate additional acquisition opportunities to build on its portfolio of high-quality assets in prolific mining jurisdictions, such as the Highland Valley District and the Thompson Nickel Belt.
Corporate Update
The Company is pleased to announce a consolidation of its outstanding Common Shares on the basis of one (1) new Common Share for every five (5) currently outstanding Common Shares.
Immediately prior to the consolidation there are expected to be 141,346,980 Common Shares issued and outstanding, and it is expected that there will be 28,269,396 Common Shares following the consolidation, subject to rounding for any fractional shares.
The Company's name and trading symbol will remain unchanged. A new CUSIP number of 591088208 (ISIN: CA5910882086) replaces the old CUSIP number.
The consolidation is expected to take effect on October 20, 2025 and is subject to TSX Venture Exchange approval.
The consolidation is being conducted on a "push-out" basis. Registered shareholders holding share certificates will be mailed a replacement certificate or a direct registration advice representing their post-consolidation shares. Until surrendered for exchange, following the effective date of the consolidation, is expected to be October 20, 2025, each share certificate formerly representing pre-consolidation shares will be deemed to represent the number of whole post-consolidation shares to which the holder is entitled as a result of the consolidation.
Holders of shares of the Company who hold uncertificated shares (that is shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by the Company's transfer agent or, for beneficial shareholders, by their brokerage firms, banks, trusts or other nominees that hold in street name for their benefit. Such holders do not need to take any additional actions to exchange their pre-consolidation shares for post-consolidation shares. If you hold your shares with such a bank, broker or other nominee, and if you have questions in this regard, you are encouraged to contact your nominee.
The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding warrants, stock options and other securities exercisable for or convertible into Common Shares will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.
No fractional shares will be issued as a result of the share consolidation. The number of post consolidation shares to be received by a shareholder will be rounded up, in the case of a fractional interest that is 0.5 or greater, or rounded down, in the case of a fractional interest that is less than 0.5, to the nearest whole number of shares that such holder would otherwise be entitled to receive upon the implementation of the share consolidation.
About Metal Energy
Metal Energy is a critical metals exploration company with two high-potential projects in politically stable, Canadian jurisdictions: Manibridge (Ni-Cu-Co-PGE) (
For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
info@oregroup.ca
www.metalenergy.ca
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements)", including details about the business of Metal. All statements in this news release, other than statements of historical facts, that address events or developments that Metal Energy expects to occur, are forward-looking statements, including, but not limited to, the ability of Metal Energy to earn the Interest by the completion of the work obligations, or the exercise of the option. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Metal Energy's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in Metal Energy's public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Metal Energy does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270743
FAQ
What is Metal Energy's (MEEEF) share consolidation ratio and effective date?
How many Metal Energy shares will be outstanding after the consolidation (MEEEF)?
Will Metal Energy (MEEEF) change its trading symbol or company name after the consolidation?
How will Metal Energy handle fractional shares after the 1-for-5 consolidation (MEEEF)?
Will outstanding warrants and stock options be affected by the Metal Energy (MEEEF) consolidation?
Has Metal Energy (MEEEF) changed its CUSIP or ISIN as part of the consolidation?
