Reflex Advanced Materials Corp. Announces Effective Date of 10:1 Consolidation of Shares & Resignation and Appointment of Directors
Reflex Advanced Materials (OTCQB: RFLXF) announced a 10:1 consolidation of common shares, expected to be effective for trading on October 15, 2025. Post-consolidation shares will continue trading under the same names and symbols on the CSE (RFLX), OTCQB (RFLXF) and Frankfurt (HF2). The new CUSIP is 75865D206 and the ISIN is CA75865D2068. Fractional shares will be rounded: fractions >= 0.5 rounded up, fractions < 0.5 rounded down. Proportionate adjustments will be made to outstanding stock options and warrants. Shareholder approval was not required under CSE policies or the company articles. The company also announced the resignation of director Alex Pleson and the appointment of Eli Dusenbury to the board.
Reflex Advanced Materials (OTCQB: RFLXF) ha annunciato una consolidazione 10:1 delle azioni ordinarie, che dovrebbe diventare effettiva per la negoziazione il 15 ottobre 2025. Le azioni post-consolidamento continueranno a essere negoziate con gli stessi nomi e simboli su CSE (RFLX), OTCQB (RFLXF) e Francoforte (HF2). Il nuovo CUSIP è 75865D206 e l'ISIN è CA75865D2068. Le frazioni verranno arrotondate: frazioni >= 0,5 arrotondate per eccesso, frazioni < 0,5 arrotondate per difetto. Verranno apportati aggiustamenti proporzionali a opzioni su azioni e warrant in circolazione. L'approvazione degli azionisti non era richiesta secondo le politiche CSE o gli statuti dell'azienda. L'azienda ha inoltre annunciato le dimissioni del direttore Alex Pleson e la nomina di Eli Dusenbury nel consiglio.
Reflex Advanced Materials (OTCQB: RFLXF) anunció una consolidación de 10:1 de las acciones ordinarias, que se espera sea efectiva para operar el 15 de octubre de 2025. Las acciones tras la consolidación seguirán negociándose con los mismos nombres y símbolos en CSE (RFLX), OTCQB (RFLXF) y Francfort (HF2). El nuevo CUSIP es 75865D206 y el ISIN es CA75865D2068. Las fracciones se redondearán: fracciones >= 0,5 redondeadas hacia arriba, fracciones < 0,5 redondeadas hacia abajo. Se realizarán ajustes proporcionales a las opciones sobre acciones y warrants en circulación. La aprobación de los accionistas no era requerida según las políticas de CSE o los estatutos de la empresa. La empresa también anunció la renuncia del director Alex Pleson y la designación de Eli Dusenbury para la junta.
Reflex Advanced Materials (OTCQB: RFLXF)가 보통주를 10:1 병합한다는 소식을 발표했으며, 이는 2025년 10월 15일에 거래 개시가 예상됩니다. 병합 후 주식은 CSE(RFLX), OTCQB(RFLXF) 및 프랑크푸르트(HF2)에서 동일한 이름과 기호로 거래를 계속합니다. 새 CUSIP은 75865D206이고 ISIN은 CA75865D2068입니다. 소액 주식은 반올림되며: 소수점 이하 0.5 이상은 올림, 0.5 미만은 내림. 현행 주식 옵션 및 워런트에 비례 조정이 적용될 예정입니다. 주주 승인은 CSE 정책이나 회사 정관에 따라 필요하지 않았습니다. 또한 이사 Alex Pleson의 사임과 이사로서 Eli Dusenbury의 임명을 발표했습니다.
Reflex Advanced Materials (OTCQB : RFLXF) a annoncé une consolidation de 10:1 des actions ordinaires, qui devrait devenir effective pour la négociation le 15 octobre 2025. Les actions post-consolidation continueront d’être négociées sous les mêmes noms et symboles sur le CSE (RFLX), l’OTCQB (RFLXF) et Francfort (HF2). Le nouveau CUSIP est 75865D206 et l’ISIN est CA75865D2068. Les fractions seront arrondies : les fractions >= 0,5 sont arrondies à la hausse, celles < 0,5 à la baisse. Des ajustements proportionnels seront appliqués aux options sur actions et warrants en circulation. L’approbation des actionnaires n’était pas requise selon les politiques du CSE ou les statuts de l’entreprise. L’entreprise a également annoncé la démission du directeur Alex Pleson et la nomination d’Eli Dusenbury au conseil.
Reflex Advanced Materials (OTCQB: RFLXF) gab eine 10:1-Konsolidierung der Stammaktien bekannt, die voraussichtlich am 15. Oktober 2025 zum Handel kommen wird. Nach der Konsolidierung werden die Aktien weiterhin unter denselben Namen und Symbolen an der CSE (RFLX), OTCQB (RFLXF) und Frankfurt (HF2) gehandelt. Die neue CUSIP lautet 75865D206 und die ISIN ist CA75865D2068. Bruchteile werden gerundet: Bruchteile >= 0,5 runden aufwärts, Bruchteile < 0,5 abwärts. Proportionale Anpassungen werden an bestehenden Aktienoptionen und Warrants vorgenommen. Eine Zustimmung der Aktionäre war gemäß CSE-Richtlinien oder den Unternehmenssatzungen nicht erforderlich. Das Unternehmen gab zudem den Rücktritt des Direktors Alex Pleson bekannt und die Ernennung von Eli Dusenbury in den Vorstand.
Reflex Advanced Materials (OTCQB: RFLXF) أعلنت عن دمج 10:1 لأسهمها العادية، المتوقع أن يصبح ساري المفعول للتداول في 15 أكتوبر 2025. ستستمر الأسهم بعد الدمج في التداول بنفس الأسماء والرموز على CSE (RFLX)، OTCQB (RFLXF) وفرانكفورت (HF2). الرقم CUSIP الجديد هو 75865D206 والـ ISIN هو CA75865D2068. سيتم تقريب الأسهم الكسرية: الكسور ≥ 0.5 تقرب إلى الأعلى، الكسور < 0.5 تقرب إلى الأسفل. ستطبق تعديلات نسبية على خيارات الأسهم والـ warrants القائمة. لم تكن موافقة المساهمين مطلوبة وفق سياسات CSE أو مواد الشركة. كما أعلنت الشركة عن استقالة المدير Alex Pleson وتعيين Eli Dusenbury في المجلس.
Reflex Advanced Materials (OTCQB: RFLXF) 宣布对普通股进行10:1 的合并，预计将于 2025 年 10 月 15 日生效并开始交易。合并后股票将在 CSE（RFLX）、OTCQB（RFLXF）和法兰克福交易所（HF2）以相同名称和代码继续交易。新 CUSIP 为 75865D206，ISIN 为 CA75865D2068。小数股将按以下方式四舍五入：大于等于 0.5 向上舍入，小于 0.5 向下舍入。对现有的股票期权和认股权证将进行相应的比例调整。根据 CSE 政策或公司章程，不需要股东批准。公司还宣布董事 Alex Pleson 的辞任以及 Eli Dusenbury 的董事会任命。
- 10:1 share consolidation scheduled for Oct 15, 2025
- New CUSIP 75865D206 and ISIN CA75865D2068 issued
- Proportionate adjustments to options and warrants
- Fractional shares less than one-half will be rounded down
- Consolidation may reduce apparent share count and float
VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Reflex Advanced Materials Corp. (CSE: RFLX) (OTCGB: RFLXF) (FRANKFURT: HF2) (the "Company" or "Reflex") is pleased to announce, further to its October 1, 2025 news release, that the effective date for the Company’s consolidation of its common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation") is anticipated to be made effective for trading purposes on October 15, 2025. The Company also announces the resignation of Mr. Alex Pleson as a director of the Company and the appointment of Mr. Eli Dusenbury as a director of the Company.
10:1 Consolidation
The Common Shares will continue trading on the Canadian Securities Exchange on a post-Consolidation basis under the name "Reflex Advanced Materials Corp." and the trading symbol "RFLX", the OTCQB under the symbol " RFLXF" and on the Frankfurt Stock Exchange under the symbol "HF2". The new CUSIP and ISIN of the Common Shares will be 75865D206 and CA75865D2068, respectively.
No fractional Common Shares will be issued as a result of the Consolidation. Any fractional Common Shares equal to or more than one-half resulting from the Consolidation will be rounded up to the nearest whole Common Share, and any fractional shares less than one-half resulting from the Consolidation will be rounded down to the nearest whole Common Share. Proportionate adjustments will be made to the Company's outstanding stock options and share purchase warrants. Shareholder approval of the Consolidation is not required under the policies of the CSE nor under the articles of the Company.
Resignation and Appointment of Directors
Mr. Alex Pleson has resigned as a director of the Company. The Company thanks Mr. Pleson for his contributions and wishes him well in his future endeavours. The board of directors of the Company has appointed Mr. Eli Dusenbury as a director of the Company to fill the vacancy left by Mr. Pleson’s resignation.
ON BEHALF OF THE BOARD OF DIRECTORS
DJ Bowen
Interim CEO & Director
Reflex Advanced Materials Corp.
Suite 915 - 700 West Pender Street
Vancouver, BC V6C 1G8 Canada
Tel: (778) 837-7191
Email: info@reflexmaterials.com
About Reflex Advanced Materials Corp.
Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia. Its objective is to locate and, if warranted, develop economic mineral properties in the strategic metals and advanced materials space. It is focused on improving domestic specialty mineral infrastructure efficiencies to meet surging national demand by North American manufacturers.
For more information, please review the Company's filings available at www.sedarplus.ca and visit the Company's website at www.reflexmaterials.com.
Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. All statements that address activities, events, or developments that the Company expects or anticipates will, or may, occur in the future, are forward-looking statements, including statements regarding: the Consolidation, including the anticipated timing of the Consolidation and the expected effect of the Consolidation on the outstanding share capital of the Company; and the Company's business prospects, future trends, plans and strategies. In some cases, forward looking statements are preceded by, followed by, or include words such as "may", "will," "would", "could", "should", "believes", "estimates", "projects", "potential", "expects", "plans", "anticipates", "continues", or the negative of those words or other similar or comparable words. In preparing the forward-looking statements in this news release, the Company has applied several material assumptions, including, but not limited to, availability of capital, and changes in general economic, market and business conditions, and timely receipt of all necessary regulatory and other approvals. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors.
FAQ
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