Silver Spruce Resources Inc. Completes Share Consolidation
Silver Spruce Resources (TSXV:SSEBF) completed a one-for-fifteen share consolidation effective October 31, 2025, reducing issued and outstanding common shares from 324,152,832 to 21,610,189.
Post-consolidation shares are expected to begin trading on the TSX Venture Exchange on November 4, 2025 under CUSIP 828229302 and ISIN CA8282293023. No fractional shares were issued; fractions <0.5 were not rounded up while fractions ≥0.5 received one whole share. Outstanding warrants and options will be adjusted by the same 1:15 ratio. Registered shareholders will receive transmittal instructions from TSX Trust Company; beneficial holders should contact their intermediaries.
Silver Spruce Resources (TSXV:SSEBF) ha completato una consolidazione azionaria di uno-per-quindici, efficace il 31 ottobre 2025, riducendo le azioni ordinarie emesse e in circolazione da 324.152.832 a 21.610.189.
Le azioni post-consolidazione dovrebbero iniziare a negoziarsi sul TSX Venture Exchange il 4 novembre 2025 con CUSIP 828229302 e ISIN CA8282293023. Nessuna azione frazionaria è stata emessa; le frazioni <0,5 non sono state arrotondate per eccesso, mentre le frazioni ≥0,5 hanno ricevuto una azione intera. Warrant e opzioni in circolazione saranno adeguati secondo lo stesso rapporto 1:15. Gli azionisti registrati riceveranno istruzioni di trasferimento da TSX Trust Company; i detentori beneficiari dovrebbero contattare i propri intermediari.
Silver Spruce Resources (TSXV:SSEBF) completó una consolidación de acciones de uno por quince, vigente el 31 de octubre de 2025, reduciendo las acciones comunes emitidas y en circulación de 324,152,832 a 21,610,189.
Las acciones post-consolidación deberían empezar a cotizar en la TSX Venture Exchange el 4 de noviembre de 2025 bajo el CUSIP 828229302 e ISIN CA8282293023. No se emitieron acciones fraccionarias; las fracciones <0.5 no se redondearon hacia arriba, mientras que las fracciones ≥0.5 recibieron una acción completa. Los warrants y las opciones en circulación serán ajustados por la misma proporción 1:15. Los accionistas registrados recibirán instrucciones de transmisión de TSX Trust Company; los titulares beneficiarios deben contactar a sus intermediarios.
Silver Spruce Resources (TSXV:SSEBF)는 2025년 10월 31일부로 1 대 15 주식 합병을 완료하여 발행 및 유통 주식 수가 324,152,832주에서 21,610,189주로 감소했습니다.
합병 후 주식은 2025년 11월 4일에 TSX Venture Exchange에서 거래를 시작할 것으로 예상되며 CUSIP 828229302 및 ISIN CA8282293023으로 상장될 예정입니다. 부분 주식은 발행되지 않았고, 소수점 이하 <0.5는 반올림되지 않았으며, 0.5 이상은 한 주의 정수로 환산되었습니다. 발행통화와 옵션은 동일한 1:15 비율로 조정됩니다. 등록 주주는 TSX Trust Company로부터 송달 지침을 받게 되며, 실제 보유자는 중개기관에 문의해야 합니다.
Silver Spruce Resources (TSXV:SSEBF) a terminé une consolidation d’actions d’un pour quinze, effective le 31 octobre 2025, faisant passer le nombre d’actions ordinaires en circulation de 324 152 832 à 21 610 189.
Les actions post-consolidation devraient commencer à être négociées sur le TSX Venture Exchange le 4 novembre 2025 sous le CUSIP 828229302 et l’ISIN CA8282293023. Aucune action fractionnaire n’a été émise; les fractions <0,5 n’ont pas été arrondies à la hausse, tandis que les fractions ≥0,5 ont reçu une action entière. Les warrants et les options en circulation seront ajustés selon le même ratio 1:15. Les actionnaires inscrits recevront des instructions de transmission de TSX Trust Company; les titulaires bénéficiaires devraient contacter leurs intermédiaires.
Silver Spruce Resources (TSXV:SSEBF) hat eine Aktienteilung im Verhältnis 1 zu 15 zum 31. Oktober 2025 abgeschlossen, wodurch sich die ausgegebenen und umlaufenden Stammaktien von 324.152.832 auf 21.610.189 verringerten.
Nach der Fusion sollen die Aktien voraussichtlich am 4. November 2025 an der TSX Venture Exchange gehandelt werden, unter der CUSIP 828229302 und ISIN CA8282293023. Es wurden keine Bruchteile ausgegeben; Bruchteile <0,5 wurden nicht aufgerundet, während Bruchteile ≥0,5 eine ganze Aktie erhielten. Ausstehende Warrants und Optionen werden im gleichen 1:15-Verhältnis angepasst. Registrierte Aktionäre erhalten Transferschinstructions von der TSX Trust Company; begünstigte Inhaber sollten sich an ihre Intermediäre wenden.
Silver Spruce Resources (TSXV:SSEBF) أكملت دمج أسهم بنسبة واحد مقابل خمسة عشر، ساري المفعول في 31 أكتوبر 2025، مما خفّض عدد الأسهم العادية المصدرة والمتداولة من 324,152,832 إلى 21,610,189.
من المتوقع أن تبدأ الأسهم بعد الدمج بالتداول في بورصة TSX Venture في 4 نوفمبر 2025 تحت CUSIP 828229302 و ISIN CA8282293023. لم تُصدر أسهم كسور؛ الكسور <0,5 لم تُقرب إلى الأعلى، بينما الكسور ≥0,5 تلقت سهماً واحداً كاملاً. ستُعدل الأسهم والخيارات القائمة وفق نفس النسبة 1:15. سيستلم الملاك المسجلون تعليمات النقل من TSX Trust Company؛ يجب على حاملي الملكية المستفيدين التواصل مع الوسطاء.
- Share count reduced from 324,152,832 to 21,610,189
- New CUSIP 828229302 and ISIN CA8282293023 issued
- Post-consolidation trading expected November 4, 2025
- Potential reduced liquidity from one-for-fifteen consolidation
- Fractional holdings <0.5 post-consolidation receive no shares
- Warrants and options adjusted, altering exercise economics
HALIFAX, NS / ACCESS Newswire / October 31, 2025 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Company"), is pleased to announce that further to its new release dated October 28, 2025, the Company has completed the consolidation (the "Consolidation") of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every fifteen (15) pre-Consolidation Common Shares, as approved at the 2024 Annual General and Special Meeting of Shareholders, held November 5, 2024. The Consolidation has reduced the number of issued and outstanding Common Shares from 324,152,832 Common Shares to 21,610,189 Common Shares. As previously announced, no fractional Common Shares were issued in connection with the Consolidation. Where the exchange resulted in a fractional post-Consolidation Common Share representing less than 0.5 of a post-Consolidation Common Share, the holder of pre-Consolidation Common Shares was not entitled to receive one whole post-Consolidation Common Share, and where the exchange resulted in a fractional post-Consolidation Common Share representing 0.5 or more of a post-Consolidation Common Share, the holder of pre-Consolidation Common Shares received one whole post-consolidation Common Share.
The Common Shares are expected to begin trading on the TSX Venture Exchange (the "TSXV") on a post-Consolidation basis at markets open on November 4, 2025. The Common Shares will continue to trade on the TSXV under the stock symbol "SSE" under a new CUSIP: 828229302 and new ISIN: CA8282293023. Outstanding warrants and options will be adjusted accordingly to reflect the Consolidation ratio in accordance with the terms of the respective instruments.
The Company's transfer agent, TSX Trust Company (the "Transfer Agent") is mailing a letter of transmittal to each registered shareholder. The letter of transmittal contains instructions on how to surrender to the Transfer Agent the certificate(s) representing the pre-Consolidation Common Shares. The Transfer Agent will send to each registered shareholder who follows the instructions provided in the letter of transmittal a new share certificate representing the number of post-Consolidation Common Shares to which the shareholder is entitled or, alternatively, a DRS Advice/Statement representing the number of post-Consolidation Common Shares the shareholder is entitled following the Consolidation. No action is required by beneficial shareholders of the Company to receive post-Consolidation Common Shares in connection with the Consolidation. Beneficial shareholders who hold their pre-Consolidation Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions regarding how their Common Shares will be processed in connection with the Consolidation should contact their intermediaries. Additional copies of the letter of transmittal can be obtained from the Transfer Agent by calling 1-800-387-0825 or by emailing shareholderinquiries@tmx.com.
Further details regarding the Consolidation are contained in the Company's management information circular dated September 23, 2024, which is available on SEDAR+ at www.sedarplus.ca under the Company's profile.
About the Company
Silver Spruce Resources Inc. is a Canadian junior exploration company holding
Forward-Looking Statements
This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. The Company is not in control of metals prices and these could vary to make development uneconomic. The forward-looking statements in this news release, including, without limitation, forward-looking statements relating to the Consolidation, including the related timing thereof, the treatment of fractional Common Shares in connection with the Consolidation, the mailing of the letters of transmittal in respect of the Consolidation are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
CAUTIONARY STATEMENT:
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.
For further information:
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com
info@silverspruceresouces.com
www.silverspruceresources.com
SOURCE: Silver Spruce Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
What exactly did Silver Spruce (SSEBF) do on October 31, 2025?
When will Silver Spruce (SSEBF) trade on a post-consolidation basis?
What happens to fractional Silver Spruce (SSEBF) shares after the 1:15 consolidation?
Will Silver Spruce (SSEBF) warrants and options change after the consolidation?
How will registered Silver Spruce (SSEBF) shareholders receive new share certificates?
Do beneficial holders of Silver Spruce (SSEBF) need to take action for the consolidation?
