Spearmint Proposes Share Consolidation
Spearmint Resources Inc. (SPMTF) has announced plans for a 1-for-10 share consolidation, which will reduce its outstanding shares from 287,828,583 to approximately 28,782,858 shares. The company will also implement a name change and trading symbol change, pending approval from the Canadian Securities Exchange (CSE).
The consolidation will proportionally adjust the exercise price and number of shares issuable through outstanding options, warrants, and convertible debentures. The Board believes this move will enhance the company's marketability as an investment and improve its ability to raise necessary funds. No fractional shares will be issued, with fractions less than half being cancelled and those half or greater rounded up to one whole share.
Spearmint Resources Inc. (SPMTF) ha annunciato un piano di raggruppamento azionario 1-contro-10, che ridurrà le azioni in circolazione da 287.828.583 a circa 28.782.858 azioni. L'azienda procederà inoltre a un cambio di nome e di simbolo di negoziazione, previa approvazione da parte della Canadian Securities Exchange (CSE).
Il raggruppamento adeguerà proporzionalmente il prezzo di esercizio e il numero di azioni emesse tramite opzioni, warrant e obbligazioni convertibili in essere. Il Consiglio ritiene che questa operazione aumenterà l'attrattività dell'azienda come investimento e migliorerà la capacità di raccogliere i fondi necessari. Non saranno emesse azioni frazionarie: le frazioni inferiori a mezzo saranno cancellate, mentre quelle pari o superiori a mezzo saranno arrotondate a un'azione intera.
Spearmint Resources Inc. (SPMTF) ha anunciado un plan de consolidación de acciones 1 por 10, que reducirá las acciones en circulación de 287,828,583 a aproximadamente 28,782,858 acciones. La empresa también implementará un cambio de nombre y de símbolo de cotización, sujeto a la aprobación de la Canadian Securities Exchange (CSE).
La consolidación ajustará proporcionalmente el precio de ejercicio y el número de acciones emitibles a través de opciones, warrants y bonos convertibles vigentes. La Junta considera que esta medida mejorará la atractividad de la empresa como inversión y su capacidad para recaudar los fondos necesarios. No se emitirán acciones fraccionarias; las fracciones menores a medio serán canceladas y las iguales o mayores a medio serán redondeadas a una acción completa.
Spearmint Resources Inc. (SPMTF)는 1대 10 주식 병합 계획을 발표했으며, 이를 통해 발행 주식 수를 287,828,583주에서 약 28,782,858주로 줄일 예정입니다. 회사는 또한 캐나다 증권거래소(CSE)의 승인을 조건으로 회사명과 거래 심볼 변경도 진행할 예정입니다.
주식 병합은 기존 옵션, 워런트, 전환사채를 통한 행사 가격과 발행 가능한 주식 수를 비례하여 조정합니다. 이사회는 이번 조치가 회사의 투자 매력도를 높이고 필요한 자금을 조달하는 능력을 향상시킬 것으로 보고 있습니다. 소수 주식은 발행되지 않으며, 0.5주 미만의 소수는 취소되고 0.5주 이상은 1주로 반올림됩니다.
Spearmint Resources Inc. (SPMTF) a annoncé un projet de regroupement d'actions au ratio de 1 pour 10, ce qui réduira le nombre d'actions en circulation de 287 828 583 à environ 28 782 858 actions. La société procédera également à un changement de nom et de symbole de cotation, sous réserve de l'approbation de la Canadian Securities Exchange (CSE).
Le regroupement ajustera proportionnellement le prix d'exercice et le nombre d'actions pouvant être émises via les options, bons de souscription et obligations convertibles en circulation. Le conseil d'administration estime que cette opération améliorera l'attractivité de l'entreprise en tant qu'investissement et renforcera sa capacité à lever les fonds nécessaires. Aucune action fractionnaire ne sera émise : les fractions inférieures à la moitié seront annulées, celles égales ou supérieures seront arrondies à une action entière.
Spearmint Resources Inc. (SPMTF) hat Pläne für eine Aktienzusammenlegung im Verhältnis 1 zu 10 angekündigt, wodurch die ausstehenden Aktien von 287.828.583 auf etwa 28.782.858 reduziert werden. Das Unternehmen wird zudem eine Namens- und Handelssymboländerung vornehmen, vorbehaltlich der Genehmigung durch die Canadian Securities Exchange (CSE).
Die Zusammenlegung wird den Ausübungspreis und die Anzahl der über ausstehende Optionen, Warrants und wandelbare Schuldverschreibungen ausgebbaren Aktien proportional anpassen. Der Vorstand ist der Ansicht, dass dieser Schritt die Attraktivität des Unternehmens als Investition steigern und die Fähigkeit zur Kapitalbeschaffung verbessern wird. Bruchstücke von Aktien werden nicht ausgegeben; Bruchteile unter der Hälfte werden gestrichen, Bruchteile ab der Hälfte auf eine ganze Aktie aufgerundet.
- Share consolidation could improve stock marketability and trading profile
- Strategic move to enhance ability to raise future funding
- Consolidation may attract institutional investors who have minimum share price requirements
- Significant reduction in total outstanding shares may impact trading liquidity
- No guarantee of CSE approval for the consolidation and name change
- Potential technical selling pressure post-consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") 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"). The Company also announces it intends to change its name and its trading symbol in connection with the proposed Consolidation.
Completion of the Consolidation, name change and symbol change are subject to approval by the Canadian Securities Exchange (the "CSE"). The effective date of the Consolidation, name change and symbol change will be announced in a subsequent news release.
It is anticipated that the Consolidation will reduce the number of outstanding Shares from 287,828,583 Shares to approximately 28,782,858 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.
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 Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Tel: 1604646-6903
www.spearmintresources.ca
info@spearmintresources.ca
"James Nelson"
President
Spearmint Resources Inc.
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 CSE. 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/253436
FAQ
What is the share consolidation ratio proposed by Spearmint Resources (SPMTF)?
How many shares will SPMTF have after the proposed consolidation?
What happens to fractional shares in SPMTF's consolidation?
How will SPMTF's consolidation affect existing options and warrants?
Why is Spearmint Resources implementing this share consolidation?
