QcX Gold Announces Consolidation
QcX Gold Corp. (QCXGF) has announced a 1-for-10 share consolidation of its common shares, scheduled to take effect on June 2, 2025. The consolidation will reduce the company's outstanding shares from 75,918,312 to approximately 7,591,831. The company will maintain its current trading symbol "QCX" on the TSX Venture Exchange.
The consolidation will proportionally adjust exercise prices and conversion rates for outstanding stock options. No fractional shares will be issued, with fractional shares being rounded down to the nearest whole number. A new CUSIP (74738M303) and ISIN (CA74738M3030) have been obtained. Registered shareholders will receive letters of transmittal with instructions for exchanging their share certificates.
QcX Gold Corp. (QCXGF) ha annunciato una razionalizzazione azionaria 1-per-10 delle sue azioni ordinarie, prevista per il 2 giugno 2025. La razionalizzazione ridurrà il numero di azioni in circolazione da 75.918.312 a circa 7.591.831. La società manterrà il simbolo di negoziazione "QCX" sulla TSX Venture Exchange.
La razionalizzazione adeguerà proporzionalmente i prezzi di esercizio e i tassi di conversione delle stock option in essere. Non saranno emesse azioni frazionarie, che verranno arrotondate per difetto al numero intero più vicino. È stato ottenuto un nuovo CUSIP (74738M303) e ISIN (CA74738M3030). Gli azionisti registrati riceveranno lettere di trasmissione con istruzioni per lo scambio dei loro certificati azionari.
QcX Gold Corp. (QCXGF) ha anunciado una consolidación de acciones 1 por 10 de sus acciones comunes, programada para el 2 de junio de 2025. La consolidación reducirá las acciones en circulación de la compañía de 75,918,312 a aproximadamente 7,591,831. La empresa mantendrá su símbolo de cotización "QCX" en la Bolsa de Valores TSX Venture.
La consolidación ajustará proporcionalmente los precios de ejercicio y las tasas de conversión de las opciones sobre acciones vigentes. No se emitirán acciones fraccionarias; estas se redondearán hacia abajo al número entero más cercano. Se han obtenido un nuevo CUSIP (74738M303) y un ISIN (CA74738M3030). Los accionistas registrados recibirán cartas de transmisión con instrucciones para cambiar sus certificados de acciones.
QcX Gold Corp. (QCXGF)는 1대 10 주식 병합을 2025년 6월 2일에 시행할 예정이라고 발표했습니다. 이번 병합으로 회사의 발행 주식 수는 75,918,312주에서 약 7,591,831주로 줄어듭니다. 회사는 TSX 벤처 거래소에서 현재 거래 심볼 "QCX"를 유지할 것입니다.
병합에 따라 기존 스톡옵션의 행사 가격과 전환 비율도 비례하여 조정됩니다. 소수 주식은 발행되지 않으며, 소수 주식은 가장 가까운 정수로 내림 처리됩니다. 새로운 CUSIP(74738M303)과 ISIN(CA74738M3030)이 발급되었습니다. 등록된 주주들은 주식 증서 교환을 위한 안내서가 포함된 전송 서신을 받게 됩니다.
QcX Gold Corp. (QCXGF) a annoncé une consolidation d'actions au ratio de 1 pour 10 de ses actions ordinaires, prévue pour le 2 juin 2025. Cette consolidation réduira le nombre d'actions en circulation de 75 918 312 à environ 7 591 831. La société conservera son symbole de cotation "QCX" à la Bourse TSX Venture.
La consolidation ajustera proportionnellement les prix d'exercice et les taux de conversion des options d'achat d'actions en circulation. Aucune action fractionnaire ne sera émise, les fractions seront arrondies à l'entier inférieur. Un nouveau CUSIP (74738M303) et ISIN (CA74738M3030) ont été obtenus. Les actionnaires enregistrés recevront des lettres de transmission avec des instructions pour échanger leurs certificats d'actions.
QcX Gold Corp. (QCXGF) hat eine Aktienzusammenlegung im Verhältnis 1 zu 10 seiner Stammaktien angekündigt, die am 2. Juni 2025 wirksam wird. Durch die Zusammenlegung reduziert sich die Anzahl der ausstehenden Aktien von 75.918.312 auf etwa 7.591.831. Das Unternehmen behält sein aktuelles Börsensymbol "QCX" an der TSX Venture Exchange bei.
Die Zusammenlegung wird die Ausübungspreise und Umtauschverhältnisse der ausstehenden Aktienoptionen proportional anpassen. Bruchteilsaktien werden nicht ausgegeben, sondern auf die nächstniedrigere ganze Zahl abgerundet. Es wurden eine neue CUSIP-Nummer (74738M303) und ISIN (CA74738M3030) erhalten. Registrierte Aktionäre erhalten Übermittlungsschreiben mit Anweisungen zum Umtausch ihrer Aktienzertifikate.
- None.
- Share consolidation typically indicates weakness in share price and market performance
- Reduction in total shares could potentially decrease trading liquidity
Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - QcX Gold Corp. (TSXV: QCX) (OTC Pink: QCXGF) (FSE: 21MA) ("QcX" or the "Company") is pleased to announce that the Company's board of directors has approved, and the Company will be effecting, a share consolidation of its issued and outstanding common shares ("Common Shares") on a one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation").
In relation to the Consolidation, the Company has obtained a new CUSIP (74738M303) and ISIN (CA74738M3030). There is no name change or stock symbol change in connection with the Consolidation. The Consolidation is subject to the approval of the TSX Venture Exchange (the "TSXV"). The Company's common shares are expected commence trading on the TSXV on a consolidated basis on or about market open on June 2, 2025, under the Company's existing symbol "QCX".
The Consolidation will reduce the number of outstanding Common Shares from 75,918,312 to approximately 7,591,831. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be converted into whole Common Shares without par value of the Company, such that fractional Common Shares will be rounded down to the nearest whole number.
Letters of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Computershare Trust Company of Canada, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company or other intermediary should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.
About QcX Gold
QcX Gold is exploring for gold and VMS style mineralization on its highly prospective and well-located properties in Québec, Canada. The Golden Giant Project is located in the James Bay region, only 2.9 km from Azimut Exploration Inc.'s Patwon discovery on their Elmer gold project. The Fernet Project is located in the Abitibi Greenstone Belt and is contiguous with Wallbridge Mining Company Limited's Fenelon/Martinière property. Both properties are in close proximity to major discoveries which bodes well for exploration.
On behalf of the Board of Directors:
Aaron Stone, P.Geo.
Vice President Exploration
aaron.stone@qcxgold.com
416-361-2515
Neither the TSX Venture Exchange 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.
Forward-looking statements:
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program, the expected positive exploration results, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253206
FAQ
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