Searchlight Resources Announces Proposed Share Consolidation
Searchlight Resources (OTC:SCLTF) has announced plans for a 5:1 share consolidation of its common shares. The consolidation will reduce the company's outstanding shares from 146,546,134 to approximately 29,309,227 shares.
The company states that the consolidation aims to enhance its ability to attract future financing, increase investor interest, and improve trading liquidity. The consolidation does not require shareholder approval and is pending acceptance from the TSX-V.
Searchlight Resources (OTC:SCLTF) ha annunciato un raggruppamento azionario 5:1 delle sue azioni ordinarie. L'operazione ridurrà il numero di azioni in circolazione da 146.546.134 a circa 29.309.227.
Secondo la società, il raggruppamento ha lo scopo di migliorare la capacità di attrarre nuovi finanziamenti, aumentare l'interesse degli investitori e favorire la liquidità delle contrattazioni. L'operazione non richiede l'approvazione degli azionisti ed è soggetta all'accettazione della TSX‑V.
Searchlight Resources (OTC:SCLTF) ha anunciado un consolidación de acciones 5:1 de sus acciones ordinarias. La consolidación reducirá las acciones en circulación de 146.546.134 a aproximadamente 29.309.227.
La compañía indica que la consolidación busca mejorar su capacidad para atraer financiamiento futuro, aumentar el interés de los inversores y mejorar la liquidez en el mercado. La medida no requiere la aprobación de los accionistas y está pendiente de la aceptación por parte de la TSX‑V.
Searchlight Resources (OTC:SCLTF)는 보통주에 대해 5대1 주식 병합을 실시할 계획이라고 발표했습니다. 이번 병합으로 유통 주식 수는 146,546,134주에서 약 29,309,227주로 줄어들게 됩니다.
회사는 이번 병합이 향후 자금 조달 유치 능력을 높이고 투자자 관심을 증대시키며 거래 유동성을 개선하는 데 목적이 있다고 밝혔습니다. 병합은 주주 승인 없이 진행되며 TSX‑V의 승인을 기다리고 있습니다.
Searchlight Resources (OTC:SCLTF) a annoncé un regroupement d'actions 5:1 de ses actions ordinaires. Ce regroupement réduira le nombre d'actions en circulation de 146 546 134 à environ 29 309 227.
La société indique que ce regroupement vise à renforcer sa capacité à attirer des financements futurs, à susciter l'intérêt des investisseurs et à améliorer la liquidité des échanges. L'opération ne nécessite pas l'approbation des actionnaires et est soumise à l'acceptation de la TSX‑V.
Searchlight Resources (OTC:SCLTF) hat einen Aktienzusammenlegung im Verhältnis 5:1 seiner Stammaktien angekündigt. Durch die Konsolidierung verringert sich die Anzahl der ausstehenden Aktien von 146.546.134 auf rund 29.309.227.
Das Unternehmen erklärt, dass die Zusammenlegung darauf abzielt, die Fähigkeit zur Aufnahme künftiger Finanzierungen zu verbessern, das Anlegerinteresse zu steigern und die Handelsliquidität zu erhöhen. Die Maßnahme bedarf keiner Aktionärszustimmung und steht unter dem Vorbehalt der Zustimmung der TSX‑V.
- Share consolidation could improve trading liquidity
- May enhance ability to attract future financings
- No shareholder approval required, streamlining the process
- Potential indication of need for additional financing
- No immediate fundamental business value creation
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2025) - Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) ("Searchlight" or the "Company") announces that it intends to consolidate its issued and outstanding common shares at a ratio of five (5) pre-consolidated shares to one (1) post consolidation share (the "Consolidation").
The purpose of the Consolidation is to facilitate the Company's ability to attract future financings, generate greater investor interest and improve trading liquidity. The Company currently has 146,546,134 common shares issued. Upon completion of the Consolidation, the Company anticipates there will be 29,309,227 common shares issued and outstanding.
In accordance with the Company's Articles, the Consolidation does not require the approval of the shareholders. The Consolidation is subject to acceptance from the TSX-V.
About Searchlight Resources Inc.
Searchlight Resources Inc. (TSXV: SCLT) (OTC Pink: SCLTF) is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on battery minerals and gold throughout the province, concentrating on projects with nearby infrastructure.
On behalf of the Board of Directors,
"Stephen Wallace"
Stephen Wallace, President, CEO and Director
SEARCHLIGHT RESOURCES INC.
For further information, visit the Company's website at www.searchlightresources.com or contact:
Searchlight Resources Inc.
Alf Stewart, Chairman
(604) 331-9326
info@searchlightresources.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263600
FAQ
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Does the Searchlight Resources share consolidation require shareholder approval?
