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No fractional shares were issued; fractional entitlements were rounded up to the next whole share. Exercise/conversion prices and share amounts for outstanding convertible securities were proportionately adjusted. Endeavor Trust Corp mailed letters of transmittal to registered shareholders of record as of the effective date. Beneficial holders holding shares through intermediaries need not take action but should contact their broker or intermediary with questions. A copy of the transmittal is available on SEDAR+.
Nessuna azione frazionaria è stata emessa; i diritti frazionari sono stati arrotondati all’azione intera successiva. I prezzi di esercizio/conversione e le quantità di azioni per i titoli convertibili in essere sono stati proporzionalmente adeguati. Endeavor Trust Corp ha inviato lettere di trasmissione agli azionisti registrati alla data di efficacia. I detentori beneficiari che detengono azioni tramite intermediari non devono agire, ma dovrebbero contattare il proprio broker o intermediario per eventuali domande. Una copia della lettera di trasmissione è disponibile su SEDAR+.
No se emitieron acciones fraccionarias; los derechos fraccionales se redondearon a la siguiente acción entera. Los precios de ejercicio/conversión y las cantidades de acciones para valores convertibles pendientes se ajustaron proporcionalmente. Endeavor Trust Corp envió cartas de transmisión a los accionistas registrados a la fecha de vigencia. Los titulares beneficiarios que mantienen acciones a través de intermediarios no necesitan tomar medidas, pero deben contactar a su corredor o intermediario si tienen preguntas. Una copia de la carta de transmisión está disponible en SEDAR+.
소수점 주식은 발행되지 않았고, 소수권리(프랙셜 권리)는 다음 정수 주식으로 올림 처리되었습니다. 행사/전환 가격과 미상환 가용 가능한 변환 증권의 주식 수는 비례적으로 조정되었습니다. Endeavor Trust Corp은 효력일에 등록 주주들에게 송달 서한을 보냈습니다. 중개기관을 통해 주식을 보유한 수익 보유자는 조치를 취할 필요가 없지만, 질문이 있을 경우 중개인이나 중개기관에 문의해야 합니다. 송달 서한의 사본은 SEDAR+에서 이용 가능합니다.
Aucune action fractionnaire n’a été émise; les droits fractionnels ont été arrondis à la prochaine action entière. Les prix d’exercice/de conversion et les montants d’actions pour les valeurs mobilières convertibles en circulation ont été ajustés proportionnellement. Endeavor Trust Corp a envoyé des lettres de transmission aux actionnaires inscrits à la date d’effet. Les titulaires bénéficiaires détenant des actions par l’intermédiaire d’intermédiaires n’ont pas à agir mais doivent contacter leur courtier ou intermédiaire en cas de questions. Une copie de la lettre de transmission est disponible sur SEDAR+.
Es wurden keine Bruchteilsaktien ausgegeben; Bruchteilsansprüche wurden auf die nächste ganze Aktie aufgerundet. Ausübungs-/Umwandlungspreise und Aktienmengen für ausstehende wandelbare Wertpapiere wurden anteilig angepasst. Endeavor Trust Corp hat registrierten Aktionären zum Stichtag Transmittal-Briefe zugesendet. Beneficial Holders, die Aktien über Zwischenhändler halten, müssen nichts veranlassen, sollten sich jedoch bei Fragen an ihren Broker oder Zwischenhändler wenden. Eine Kopie des Transmittal ist auf SEDAR+ verfügbar.
لم تُصدر أي أسهم كسور؛ تم تقريب الحقوق الكسريّة إلى أقرب سهم كامل. تم تعديل أسعار التمارين/التحويل وكميات الأسهم للأوراق المالية القابلة للتحويل القائمة بشكلٍ نسبِي. أرسلت Endeavor Trust Corp رسائل إرسال إلى المساهمين المسجلين اعتباراً من تاريخ الفاعلية. لا يحتاج حاملو الحقوق المستفيدون الذين يحتفظون بالأسهم عبر الوسطاء إلى اتخاذ إجراء، لكن يجب عليهم الاتصال بوسيطهم أو الوسطاء إذا كانت لديهم أسئلة. نسخة من رسالة الإرسال متوفرة على SEDAR+.
未发行任何整股外的股票；对小数股权（权利）进行了向上进位到下一个整股。行使/转换价格及未偿的可转换证券的股数已按比例调整。 Endeavor Trust Corp 已向在生效日登记的股东寄送转让函。通过中介机构持股的受益持有人无需采取行动，但如有疑问应联系其经纪人或中介机构。转让函的副本可在 SEDAR+ 获取。
Positive
- Outstanding shares consolidated 18:1 to ~9,355,808
- Updated CUSIP 93401G203 and ISIN 93401G2036 issued
Negative
- Fractional shares rounded up, causing minor additional share issuance
10/03/2025 – 07:30 PM
Waraba Gold Executes 18:1 Share Consolidation, Streamlining Capital Structure
Toronto – October 3, 2025 – Waraba Gold Limited (CSE: WBGD) has announced the successful implementation of an 18:1 share consolidation, effective today. This strategic move reduces the company’s outstanding common shares from 168,403,338 to approximately 9,355,808, a significant restructuring of its capital base. The consolidation is reflected in the company’s new CUSIP (93401G203) and ISIN (93401G2036) identifiers. The company’s name and trading symbol will remain unchanged.
Speaking on the consolidation, a company spokesperson highlighted the strategic rationale, stating, “This consolidation is a proactive step to enhance shareholder value by creating a more attractive share structure for potential investors. Reduced share count can improve several metrics, including earnings per share, which is a key consideration for institutional investors.”
The mechanics of the consolidation involved rounding up any fractional shares to the nearest whole share, a common practice in such corporate actions. This minimally increases the total number of shares outstanding. Addressing the technical aspects, the company stated that the exercise or conversion prices and the number of common shares issuable under its outstanding convertible securities have been proportionately adjusted in line with the consolidation.
Endeavor Trust Corporation, Waraba Gold’s registrar and transfer agent, has initiated the process of informing registered shareholders about the consolidation, providing detailed instructions for the exchange of their common shares. Information regarding this process can be found on SEDAR+.
Share consolidation, also known as a reverse stock split, is often undertaken to increase the market price of a company’s stock, making it more appealing to a broader range of investors, particularly institutional investors who may have restrictions on investing in lower-priced stocks. It can also be a strategic move to avoid delisting from major exchanges, which typically have minimum share price requirements. This consolidation could prepare Waraba Gold for future capital raises or strategic partnerships.
For holders of Waraba Gold shares through intermediaries, the company advises contacting their respective brokers or financial institutions for any clarification regarding the processing of 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”.
Forward-Looking Statements
Investors are cautioned that certain statements contained in this press release constitute “forward-looking information” under applicable securities laws. These statements involve risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected. Readers are encouraged to review the company’s filings on SEDAR+ for a complete understanding of the risk factors associated with Waraba Gold Limited.
FAQ
What did Waraba Gold (WARAD) announce on October 3, 2025?
Waraba announced an 18:1 consolidation of its common shares effective October 3, 2025.
How many shares does WARAD have after the 18:1 consolidation?
Post-consolidation outstanding common shares were reduced to approximately 9,355,808.
What are WARAD’s new CUSIP and ISIN after the consolidation?
The new identifiers are CUSIP 93401G203 and ISIN 93401G2036.
Do WARAD beneficial shareholders need to take action after the consolidation?
No action is required by beneficial holders; contact your broker if you have processing questions.
How were fractional WARAD shares handled in the 18:1 consolidation?
No fractional shares were issued; all fractional entitlements were rounded up to the next whole share.
Were outstanding WARAD convertible securities adjusted after the consolidation?
Yes. Exercise/conversion prices and the number of common shares issuable were proportionately adjusted.
How can registered WARAD shareholders obtain the letter of transmittal?
Endeavor Trust mailed letters to registered shareholders; copies are available on SEDAR+.
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Original article, Author: Jam. If you wish to reprint this article, please indicate the source:https://aicnbc.com/10386.html
