Silver Spruce Resources Inc. Provides Update On Share Consolidation
Silver Spruce Resources (TSXV:SSE) announced a 1-for-15 share consolidation effective October 31, 2025, subject to regulatory approvals.
Pre-Consolidation there were 324,152,832 common shares outstanding; post-Consolidation the company expects approximately 21,610,188 common shares outstanding, subject to fractional rounding. Trading of post-Consolidation shares is expected to commence on or about November 4, 2025 under the same TSXV symbol and new CUSIP 828229302 and ISIN CA8282293023. Outstanding warrants and options will be adjusted to the 1:15 ratio. Registered shareholders will receive letters of transmittal and new share certificates or DRS statements; beneficial holders need take no action but should consult their intermediaries.
Silver Spruce Resources (TSXV:SSE) ha annunciato una consolidazione azioni 1-per-15 efficace dal 31 ottobre 2025, soggetta alle approvazioni regolamentari.
Prima della Consolidazione erano 324,152,832 azioni ordinarie in circolazione; dopo la Consolidazione la società prevede circa 21,610,188 azioni ordinarie in circolazione, soggette all’arrotondamento frazionario. Si prevede che la negoziazione delle azioni post-Consolidazione comincerà verso il 4 novembre 2025 sotto lo stesso simbolo TSXV e con il nuovo CUSIP 828229302 e ISIN CA8282293023. I warrant e le opzioni in circolazione saranno adeguati al rapporto 1:15. Gli azionisti registrati riceveranno lettere di trasmissione e nuovi certificati azionari o estratti DRS; i detentori beneficiari non devono intraprendere alcuna azione, ma dovrebbero consultare i propri intermediari.
Silver Spruce Resources (TSXV:SSE) anunció una consolidación de acciones de 1 por 15 que entrará en vigor el 31 de octubre de 2025, sujeta a aprobaciones regulatorias.
Antes de la consolidación había 324,152,832 acciones ordinarias en circulación; tras la consolidación se esperan aproximadamente 21,610,188 acciones ordinarias en circulación, sujeto a redondeo de fracciones. Se espera que la negociación de las acciones post-consolidación comience alrededor del 4 de noviembre de 2025 bajo el mismo símbolo de TSXV y el nuevo CUSIP 828229302 e ISIN CA8282293023. Los warrants y opciones pendientes se ajustarán al ratio 1:15. Los accionistas registrados recibirán cartas de transmisión y nuevos certificados de acciones o estados DRS; los titulares beneficiarios no necesitan tomar ninguna acción pero deben consultar a sus intermediarios.
Silver Spruce Resources (TSXV:SSE) 는 2025년 10월 31일부로 1대 15 주식 병합을 시행한다고 발표했으며, 이는 규제 승인을 조건으로 한다.
병합 전에는 보통주가 324,152,832주 발행되었고; 병합 후에는 약 21,610,188주가 발행될 것으로 예상되며, 자릿수 반올림의 영향을 받는다.
병합 후 주식의 거래는 대략 2025년 11월 4일경에 시작될 예정이며, 동일한 TSXV 심볼과 새로운 CUSIP 828229302 및 ISIN CA8282293023를 적용한다.
발행되지 않은 워런트와 옵션은 1:15 비율로 조정된다.
등록 주주는 전달 서한과 새로운 주식 증서 또는 DRS 명세서를 받게 되며, 실질 보유자는 조치를 취할 필요가 없지만 중개인에게 상담해야 한다.
Silver Spruce Resources (TSXV:SSE) a annoncé une consolidation d'actions de 1 pour 15 effective le 31 octobre 2025, sous réserve des approbations réglementaires.
Avant la consolidation, 324 152 832 actions ordinaires en circulation; après la consolidation, la société prévoit environ 21 610 188 actions ordinaires en circulation, sous réserve des arrondis de fractions. La négociation des actions post-consolidation devrait commencer vers le 4 novembre 2025 sous le même symbole TSXV et le nouveau CUSIP 828229302 et ISIN CA8282293023. Les warrants et options en circulation seront ajustés au ratio 1:15. Les actionnaires enregistrés recevront des lettres de transmission et de nouveaux certificats d'actions ou des relevés DRS; les titulaires bénéficiaires n'ont pas besoin d'agir mais doivent consulter leurs intermédiaires.
Silver Spruce Resources (TSXV:SSE) gab eine 1-für-15-Aktiensplitt bekannt, der am 31. Oktober 2025 wirksam wird, vorbehaltlich regulatorischer Genehmigungen.
Vor der Konsolidierung waren 324.152.832 Stammaktien ausstehend; nach der Konsolidierung rechnet das Unternehmen mit ca. 21.610.188 ausstehenden Stammaktien, vorbehaltlich der Rundung von Bruchteilen.
Der Handel der Post-Konsolidierungsaktien soll voraussichtlich am etwa 4. November 2025 beginnen unter dem gleichen TSXV-Symbol und der neuen CUSIP 828229302 sowie ISIN CA8282293023.
Ausstehende Warrants und Optionen werden entsprechend dem Verhältnis 1:15 angepasst.
Registrierte Aktionäre erhalten Transmittal-Briefe und neue Aktienzertifikate oder DRS-Bestätigungen; begünstigte Inhaber müssen nichts unternehmen, sollten aber ihre Intermediäre konsultieren.
Silver Spruce Resources (TSXV:SSE) أعلنت عن توحيد الأسهم بنسبة 1 مقابل 15 وستسري اعتباراً من 31 أكتوبر 2025، رهن بموافقات تنظيمية.
قبل التوحيد كان هناك 324,152,832 سهم عادي قائم؛ بعد التوحيد تتوقع الشركة نحو 21,610,188 سهم عادي قائم، رهناً بتقريب الكسور.
من المتوقع بدء تداول الأسهم بعد التوحيد نحو 4 نوفمبر 2025 تحت نفس رمز TSXV والـ CUSIP الجديد 828229302 و ISIN CA8282293023.
سيتم تعديل الضمانات والخيارات القائمة إلى نسبة 1:15.
سيستلم المساهمون المسجلون رسائل النقل وشهادات أسهم جديدة أو بيانات DRS؛ لا يحتاج الحائزون المستفيدون إلى اتخاذ إجراء ولكن يجب عليهم استشارة الوسطاء.
Silver Spruce Resources (TSXV:SSE) 宣布将于2025年10月31日起生效实施 1比15 的股票合并，需经监管批准。
合并前在外流通的普通股为 324,152,832 股；合并后公司预计将有约 21,610,188 股在外，按小数截尾处理。
合并后的股份交易预计将在大约 2025年11月4日 开始，使用相同的 TSXV 代码，以及新 CUSIP 828229302 与 ISIN CA8282293023。
未到期的认股权证和期权将按 1:15 比例调整。
登记股东将收到转让函及新股证书或 DRS 报表；受益所有人无需采取行动，但应咨询其中介机构。
- Share count reduced from 324,152,832 to ~21,610,188
- Post-Consolidation shares retain TSXV listing under same symbol
- Warrants and options adjusted to the 1:15 Consolidation ratio
- New CUSIP 828229302 and ISIN CA8282293023 assigned
- Fractional post‑Consolidation shares under 0.5 are not converted
HALIFAX, NS / ACCESS Newswire / October 28, 2025 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Company"), is pleased to provide an update on the proposed consolidation (the "Consolidation") of Company's 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.
Share Consolidation
The Company's Board of Directors has determined to implement the Consolidation effective on October 31, 2025 (the "Effective Date"), subject to the receipt of all necessary regulatory approvals. No fractional post-Consolidation Common Shares will be issued in connection with the Consolidation. Where the exchange results 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 shall not be entitled to receive one whole post-Consolidation Common Share, and if the exchange results in a fractional post-Consolidation Common Share of representing 0.5 or more of a post-Consolidation Common Share, the holder of pre-Consolidation Common Shares shall be entitled to receive one whole post-consolidation Common Share.
Upon completion of the Consolidation, the post-Consolidation Common Shares will continue to trade on the TSX Venture Exchange (the "TSXV") under the stock symbol "SSE" under a new CUSIP: 828229302 and new ISIN: CA8282293023. The post-Consolidation Common Shares are expected to commence trading on the TSXV at market open on or about November 4, 2025. Outstanding warrants and options will be adjusted accordingly to reflect the Consolidation ratio in accordance with the terms of the respective instruments.
Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company. The letter of transmittal will contain instructions on how to surrender to the Company's transfer agent, TSX Trust Company ("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 rounded up to the nearest whole number or, alternatively, a DRS Advice/Statement representing the number of post-Consolidation Common Shares the shareholder is entitled rounded up to the nearest whole number 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.
As of the date of this news release, the Company has 324,152,832 Common Shares issued and outstanding. Following completion of the Consolidation on the Effective Date, the Company is expected to have approximately 21,610,188 Common Shares issued and outstanding, subject to rounding of fractional Common Shares.
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 is the share consolidation ratio for Silver Spruce (SSE) on October 31, 2025?
How many Silver Spruce (SSE) shares will be outstanding after the 1:15 consolidation?
When will post‑Consolidation Silver Spruce (SSE) shares start trading?
Will Silver Spruce warrants and options be affected by the consolidation (SSE)?
What happens to fractional Silver Spruce (SSE) shares after the consolidation?
Do beneficial shareholders of Silver Spruce (SSE) need to take action for the consolidation?
