Sienna Resources Inc. Corporate Update

Rhea-AI Summary

Sienna Resources has announced plans for a significant share consolidation, proposing a 10-to-1 ratio that will reduce outstanding shares from 202,668,871 to approximately 20,266,887. The consolidation aims to enhance the company's marketability and improve its position for future fundraising.

Key details of the consolidation include:

• No company name or trading symbol changes planned
• Fractional shares less than half will be cancelled
• Fractional shares of half or more will round up to one share
• Proportional adjustments to existing options, warrants, and convertible debentures

The consolidation requires TSX Venture Exchange approval, with the effective date to be announced in a future release. This corporate action reflects the Board's strategy to strengthen Sienna's investment appeal and capital raising capabilities.

Positive

• Share consolidation could enhance marketability and investment appeal
• Consolidation may improve ability to raise future funding

Negative

• Significant 10:1 share consolidation dilutes existing shareholders
• Share count reduction from 202.6M to 20.2M shares indicates potential weakness
• No immediate business development or operational updates provided

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Sienna Resources Inc. (TSXV: SIE), (the "Company" or "Sienna") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every ten currently outstanding Shares (the "Consolidation").

It is anticipated that the Consolidation will reduce the number of outstanding Shares from 202,668,871 Shares to approximately 20,266,887 Post-consolidated Shares, subject to adjustment for rounding. The Board of Directors of the Company believes that the consolidation of the Shares will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan. The Consolidation is subject to approval by the TSX Venture Exchange (the "Exchange").

The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release.

No fractional Post-consolidated Shares will be issued as a result of the Consolidation. As required under the Business Corporations Act (BC), any fractional Shares remaining after the Consolidation that are less than one half of a Share will be cancelled and any fractional Shares that are at least one half of a Share will be rounded up to one whole Share.

The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

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.

Jason Gigliotti

President

604-646-6900

Forward Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that the Company intends to consolidate its share capital. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not obtain approval for the Consolidation from the Exchange. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250260

FAQ

What is the share consolidation ratio for Sienna Resources (SNNAF) in April 2025?

Sienna Resources announced a 10:1 share consolidation ratio, meaning every 10 existing shares will be converted into 1 new share, reducing total shares from 202,668,871 to approximately 20,266,887.

How will Sienna Resources stock consolidation affect existing shareholders?

Shareholders will receive 1 new share for every 10 shares held. Fractional shares less than half will be cancelled, while those half or greater will be rounded up to one whole share. Outstanding options, warrants, and convertible debentures will be proportionally adjusted.

Why is SNNAF conducting a share consolidation in 2025?

Sienna Resources is conducting the share consolidation to enhance its marketability as an investment and better position the company to raise necessary funds for executing its business plan.

When will Sienna Resources (SNNAF) share consolidation take effect?

The effective date of the share consolidation has not been announced yet. It will be disclosed in a subsequent news release and is subject to TSX Venture Exchange approval.

Will Sienna Resources change its trading symbol after the 2025 consolidation?

No, Sienna Resources will maintain its current trading symbol and company name following the share consolidation.