Waraba Gold Limited Announces Intention to Complete Consolidation
Waraba Gold Limited (CSE: WBGD) has announced a significant share consolidation (reverse stock split) on a 18:1 ratio, effective October 3, 2025. The consolidation will reduce the company's outstanding common shares from 168,403,338 to approximately 9,355,741.
The company's name and stock symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. All convertible securities will be proportionally adjusted, and fractional shares will be rounded up if equal to or greater than one-half, or cancelled if less.
Registered shareholders will receive transmittal letters from National Securities Administrators Ltd. with exchange instructions, while beneficial holders should contact their intermediaries regarding the process.
Waraba Gold Limited (CSE: WBGD) ha annunciato una significativa consolidazione azionaria (reverse stock split) con rapporto di 18:1, efficace dal 3 ottobre 2025. La consolidazione ridurrà le azioni ordinarie in circolazione dell’azienda da 168.403.338 a circa 9.355.741.
Il nome dell’azienda e i simboli azionari rimarranno invariati, sebbene vengano assegnati nuovi numeri CUSIP e ISIN. Tutti i titoli convertibili saranno adeguati proporzionalmente, e le azioni frazionarie saranno arrotondate per eccesso se pari o superiore alla metà, o cancellate se inferiori.
Gli azionisti registrati riceveranno lettere di trasmissione da National Securities Administrators Ltd. con istruzioni per lo scambio, mentre i detentori beneficiari dovranno contattare i loro intermediari per il processo.
Waraba Gold Limited (CSE: WBGD) ha anunciado una significativa consolidación de acciones (dividendo inverso) con una relación de 18:1, que entrará en vigor el 3 de octubre de 2025. La consolidación reducirá las acciones ordinarias en circulación de la empresa de 168,403,338 a aproximadamente 9,355,741.
El nombre de la empresa y los símbolos bursátiles permanecerán sin cambios, aunque se asignarán nuevos números CUSIP e ISIN. Todos los valores convertibles se ajustarán de forma proporcional, y las acciones fraccionarias se redondearán hacia arriba si son iguales o superiores a la mitad, o se cancelarán si son inferiores.
Los accionistas registrados recibirán cartas de transmisión de National Securities Administrators Ltd. con instrucciones de intercambio, mientras que los tenedores beneficiarios deben ponerse en contacto con sus intermediarios para el proceso.
Waraba Gold Limited (CSE: WBGD)가 역주식분할로서 18:1의 비율로 중요한 주식 합병을 발표했으며, 2025년 10월 3일부터 효력이 발생합니다. 합병으로 회사의 발행 보통주 수는 168,403,338주에서 약 9,355,741주로 감소합니다.
회사명과 주식 심볼은 변경되지 않으며, 새로운 CUSIP 및 ISIN 번호가 부여될 것입니다. 모든 전환 가능 증권은 비례하여 조정되고, 소수 주식은 0.5 이상일 경우 올림 처리되며, 미만일 경우 취소됩니다.
등록 주주는 National Securities Administrators Ltd.로부터 교환 지침이 담긴 송신 서신을 받게 되며, 수익 보유자는 프로세스에 대해 중개업자에게 문의해야 합니다.
Waraba Gold Limited (CSE: WBGD) a annoncé une réorganisation d’actions importante (split inversé) au ratio 18:1, effective à partir du 3 octobre 2025. La consolidation réduira le nombre d’actions ordinaires en circulation de l’entreprise de 168 403 338 à environ 9 355 741.
Le nom de l’entreprise et les symboles boursiers resteront inchangés, bien que de nouveaux numéros CUSIP et ISIN soient attribués. Toutes les valeurs mobilières convertibles seront ajustées proportionnellement, et les actions fractionnaires seront arrondies à la hausse si elles sont égales ou supérieures à la moitié, ou annulées si elles sont inférieures.
Les actionnaires enregistrés recevront des lettres de transmission de National Securities Administrators Ltd. avec des instructions d’échange, tandis que les détenteurs bénéficiaires doivent contacter leurs intermédiaires pour le processus.
Waraba Gold Limited (CSE: WBGD) hat eine bedeutende Aktienzusammenführung (Reverse Stock Split) im Verhältnis 18:1 angekündigt, die ab dem 3. Oktober 2025 wirksam wird. Die Konsolidierung wird die ausstehenden Stammaktien des Unternehmens von 168.403.338 auf ca. 9.355.741 reduzieren.
Der Name des Unternehmens und die Börsenkürzel bleiben unverändert, jedoch werden neue CUSIP- und ISIN-Nummern zugewiesen. Alle wandelbaren Wertpapiere werden anteilig angepasst, und Bruchteilsaktien werden aufgerundet, wenn sie gleich oder größer als die Hälfte sind, andernfalls gestrichen.
Registrierte Aktionäre erhalten Transmissionsbriefe von National Securities Administrators Ltd. mit Austauschanweisungen, während begünstigte Inhaber ihre Intermediäre bezüglich des Prozesses kontaktieren sollten.
Waraba Gold Limited (CSE: WBGD) أعلنت عن دمجٍ كبيرٍ لأسهم الشركة (تقسيم الأسهم العكسي) بنسبة 18:1، وسيُطبق اعتباراً من 3 أكتوبر 2025. سيخفض الدمج عدد الأسهم العادية القائمة للشركة من 168,403,338 إلى نحو 9,355,741.
سيظل اسم الشركة ورموز الأسهم دون تغيير، مع تخصيص أرقام CUSIP وISIN جديدة. سيتم تعديل جميع الأوراق المالية القابلة للتحويل بشكل نسبة، وستُ-round الأسهم الكسرية لأعلى إذا كانت مساوية أو أكبر من النصف، أو تُلغي إذا كانت أقل.
سيستلم المساهمون المسجلون رسائل ترحيل من National Securities Administrators Ltd. مع تعليمات التبادل، بينما يجب على حاملي المنافع الاتصال بوسطائهم بخصوص العملية.
Waraba Gold Limited (CSE: WBGD)宣布进行重大股份合并（反向股票分割），比例为 18:1，自 2025年10月3日起生效。合并将使公司流通在外的普通股由 168,403,338 股降至约 9,355,741 股。
公司名称和股票代码将保持不变， though 会分配新的 CUSIP 和 ISIN 编码。所有可转换证券将按比例调整，若不足一半的部分将向上舍入，若等于或大于半股则保留整股；小于半股的将被取消。
登记股东将收到 National Securities Administrators Ltd. 发来的传送函及交易指引，受益持有人应联系其中介机构了解流程。
- Share consolidation could help meet minimum price requirements for exchange listing
- Reduction in outstanding shares may make the stock more attractive to institutional investors
- Consolidation does not fundamentally change company value or market capitalization
- Transaction costs and administrative burden for shareholders to exchange their shares
Toronto, Ontario--(Newsfile Corp. - September 30, 2025) - Waraba Gold Limited (CSE: WBGD) (the "Company" or "Waraba"), announces that the board of directors of the Company (the "Board") has approved a consolidation of its issued and outstanding common shares ("Common Shares") on the basis of one post-consolidated Common Share for every eighteen (18) pre-consolidated Common Shares (the "Consolidation").
The Board has set October 3, 2025, as the effective date of the Consolidation and anticipates the Common Shares to trade on a post-consolidated basis effective October 3, 2025, subject to final confirmation from the Canadian Securities Exchange (the "CSE"). Upon the completion of the Consolidation, the CUSIP and ISIN of the Common Shares will be changed to 93401G203 and CA93401G2036, respectively. The Company's name and stock symbols shall remain unchanged.
After giving effect to the Consolidation, the Common Shares will be reduced from 168,403,338 to approximately 9,355,741 Common Shares. No fractional Common Shares will be issued in connection with the Consolidation. Instead, all fractional Common Shares equal to or greater than one-half resulting from the Consolidation will be rounded to the next whole number, otherwise, the fractional Common Share will be cancelled. The exercise price and/or conversion price and number of Common Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.
Shareholders of record as of the effective date will receive a letter of transmittal from National Securities Administrators Ltd., the Company's registrar and transfer agent for the Common Shares, providing instructions for the exchange of their Common Shares as soon as practicable following the effective date. Registered shareholders may also obtain a copy of the letter of transmittal by accessing the Company's SEDAR+ profile at www.sedarplus.ca. Until surrendered, each share certificate or direct registration system statement representing pre-consolidated Common Shares will represent the number of whole post-consolidated Common Shares to which the holder is entitled as a result of the Consolidation. No action is required by beneficial holders to receive post-consolidation Common Shares in connection with the Consolidation. Beneficial holders who hold their Common Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial institution) and who have questions regarding how the Consolidation will be processed should contact their intermediaries with respect to the Consolidation.
About Waraba Gold Limited
The Company is a resource exploration company that is acquiring and exploring mineral properties. The Company is a reporting issuer in the provinces of British Columbia and Alberta. The Company's common shares trade on the Canadian Securities Exchange under the trading symbol "WBGD" and on the Frankfurt Stock Exchange under the trading symbol "ZE0".
For more information about the Company, please refer to the Company's profile available on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors
Waraba Gold Limited
Carl Esprey, Chief Executive Officer and Director
Telephone: +1 312 235 2605
Email: cesprey@warabagold.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements under applicable Canadian ("forward-looking statements"). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, statements relating to statements relating to completion of the Consolidation, and timing and effect thereof.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to: the Company completing the Consolidation, and timing and effect thereof. The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the Company's ability to continue to meet the listing requirements of the CSE; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; reliance on key personnel; and risk that the Company will not complete the Consolidation; Please see the other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings filed with the Canadian securities authorities, copies of which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca. Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268588
FAQ
What is the ratio of Waraba Gold's stock consolidation announced for October 2025?
How many shares will Waraba Gold have outstanding after the October 2025 consolidation?
When will Waraba Gold's share consolidation take effect?
What happens to fractional shares in Waraba Gold's consolidation?
How do Waraba Gold shareholders exchange their shares after the consolidation?
