Blue Moon Announces Proposed Share Consolidation
Blue Moon Metals (TSXV: MOON) has announced a proposed share consolidation, pending regulatory and TSX Venture Exchange approval. The consolidation will be conducted on a ratio of up to 10:1, meaning every ten existing shares will be converted into one new share.
Under the maximum proposed ratio, the company's current 451,492,486 outstanding common shares would be reduced to approximately 45,149,248 shares. The final consolidation ratio will be determined by the Board within regulatory requirements. Fractional shares will be rounded up if 0.5 or greater, and down if less than 0.5.
The company's name and trading symbol will remain unchanged. The consolidation will be conducted on a 'push-out' basis, requiring no action from shareholders. The Directors believe this move will enhance share marketability and facilitate future financing opportunities.
Blue Moon Metals (TSXV: MOON) ha annunciato una proposta di consolidamento delle azioni, in attesa dell'approvazione regolamentare e della TSX Venture Exchange. Il consolidamento sarà effettuato con un rapporto di fino a 10:1, il che significa che ogni dieci azioni esistenti verranno convertite in una nuova azione.
Sotto il rapporto massimo proposto, le attuali 451.492.486 azioni ordinarie in circolazione della società verrebbero ridotte a circa 45.149.248 azioni. Il rapporto finale di consolidamento sarà determinato dal Consiglio nel rispetto dei requisiti normativi. Le azioni frazionarie saranno arrotondate per eccesso se pari o superiori a 0,5, e per difetto se inferiori a 0,5.
Il nome e il simbolo di negoziazione della società rimarranno invariati. Il consolidamento sarà effettuato su base 'push-out', senza richiedere alcuna azione da parte degli azionisti. I Direttori ritengono che questa mossa migliorerà la commerciabilità delle azioni e faciliterà le opportunità di finanziamento future.
Blue Moon Metals (TSXV: MOON) ha anunciado una propuesta de consolidación de acciones, sujeta a la aprobación regulatoria y de la TSX Venture Exchange. La consolidación se llevará a cabo en una proporción de hasta 10:1, lo que significa que cada diez acciones existentes se convertirán en una nueva acción.
Bajo la proporción máxima propuesta, las actuales 451.492.486 acciones ordinarias en circulación de la empresa se reducirían a aproximadamente 45.149.248 acciones. La proporción final de consolidación será determinada por la Junta dentro de los requisitos regulatorios. Las acciones fraccionarias se redondearán hacia arriba si son 0.5 o mayores, y hacia abajo si son menores de 0.5.
El nombre y el símbolo de negociación de la empresa permanecerán sin cambios. La consolidación se llevará a cabo en una base de 'push-out', sin requerir ninguna acción por parte de los accionistas. Los Directores creen que este movimiento mejorará la comercialización de las acciones y facilitará futuras oportunidades de financiamiento.
블루 문 메탈스 (TSXV: MOON)는 규제 및 TSX 벤처 거래소의 승인을 기다리는 주식 통합을 제안했다고 발표했습니다. 통합은 최대 10:1 비율로 진행되며, 이는 기존의 10주가 새로운 1주로 변환된다는 의미입니다.
최대 제안 비율에 따라, 회사의 현재 451,492,486주 발행 보통주는 대략 45,149,248주로 줄어들게 됩니다. 최종 통합 비율은 규제 요건 내에서 이사회에 의해 결정됩니다. 분할 주식은 0.5 이상일 경우 올림하고, 0.5 미만일 경우 내림 처리됩니다.
회사의 이름과 거래 기호는 변경되지 않습니다. 통합은 '푸시 아웃' 방식으로 진행되며, 주주가 별도로 조치를 취할 필요가 없습니다. 이사들은 이 조치가 주식의 시장성을 향상시키고 향후 자금 조달 기회를 용이하게 할 것이라고 믿고 있습니다.
Blue Moon Metals (TSXV: MOON) a annoncé une proposition de consolidation d'actions, en attente de l'approbation des régulateurs et de la TSX Venture Exchange. La consolidation sera effectuée selon un ratio allant jusqu'à 10:1, ce qui signifie que chaque dix actions existantes seront converties en une nouvelle action.
Selon le ratio maximum proposé, les 451.492.486 actions ordinaires en circulation de l'entreprise seraient réduites à environ 45.149.248 actions. Le ratio final de consolidation sera déterminé par le Conseil dans le respect des exigences réglementaires. Les actions fractionnaires seront arrondies à l'unité supérieure si elles sont égales ou supérieures à 0,5, et à l'unité inférieure si elles sont inférieures à 0,5.
Le nom et le symbole de négociation de l'entreprise resteront inchangés. La consolidation sera effectuée sur une base de 'push-out', sans nécessiter d'action de la part des actionnaires. Les Directeurs estiment que cette mesure améliorera la commercialisation des actions et facilitera les opportunités de financement futures.
Blue Moon Metals (TSXV: MOON) hat eine vorgeschlagene Aktienkonsolidierung angekündigt, die auf die Genehmigung durch die Regulierungsbehörden und die TSX Venture Exchange wartet. Die Konsolidierung wird im Verhältnis von bis zu 10:1 durchgeführt, was bedeutet, dass jede zehn bestehenden Aktien in eine neue Aktie umgewandelt wird.
Bei dem maximal vorgeschlagenen Verhältnis würden die derzeit 451.492.486 ausstehenden Stammaktien des Unternehmens auf etwa 45.149.248 Aktien reduziert. Das endgültige Konsolidierungsverhältnis wird vom Vorstand innerhalb der regulatorischen Anforderungen festgelegt. Bruchstücke von Aktien werden aufgerundet, wenn sie 0,5 oder mehr betragen, und abgerundet, wenn sie weniger als 0,5 betragen.
Der Name und das Handelssymbol des Unternehmens bleiben unverändert. Die Konsolidierung erfolgt auf einer 'Push-Out'-Basis, was keine Maßnahmen von den Aktionären erfordert. Die Direktoren sind der Meinung, dass dieser Schritt die Marktgängigkeit der Aktien verbessern und zukünftige Finanzierungsgelegenheiten erleichtern wird.
- Share consolidation may enhance stock marketability
- Could facilitate future financing opportunities
- No action required from shareholders
- Significant share dilution with up to 90% reduction in share count
- Final consolidation ratio uncertain
- Subject to regulatory approval - not yet confirmed
TORONTO, March 03, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON), is pleased to announce that the Directors have approved a consolidation of its share capital on the basis of one (1) new common share for up to every existing ten (10) common shares (the “Consolidation”), subject to regulatory approval, including approval of the TSX Venture Exchange. The final Consolidation ratio is subject to determination by the Board, in compliance with regulatory requirements.
The effective date of the Consolidation and the new CUSIP and ISIN of the post-Consolidation common shares will be announced in a separate news release once the Company receives approval from the TSXV. The Company’s name and trading symbol will remain unchanged.
As a result of the Consolidation, and assuming the maximum ratio of 10 pre-Consolidation common shares to 1 post-Consolidation common share, it is expected that the 451,492,486 common shares which are currently issued and outstanding, will be reduced to approximately 45,149,248 common shares, subject to rounding. The number of post-Consolidation common shares outstanding will depend on the final Consolidation ratio determined by the Board, in compliance with regulatory requirements. Where the exchange would otherwise result in a shareholder being entitled to a fractional common share, the number of post-Consolidation common shares issued to such holder of common shares shall, without any additional compensation, be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5, and, in calculating such fractional interests, all common shares registered in the name of and held by such shareholder shall be aggregated.
The Directors believe the Consolidation will enhance the marketability of the common shares as an investment and help to facilitate additional financings to fund future operations.
The Consolidation is being conducted on a “push-out” basis. Shareholders of the Company, with or without a physical share certificate, do not need to take any action with respect to the Consolidation. Share certificates and DRS statements for the post-Consolidation common shares will be mailed after the Consolidation is effected. Existing share certificates will be cancelled.
About Blue Moon
Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company’s website (www.bluemoonmetals.com).
For further information
Blue Moon Metals Inc.
Christian Kargl-Simard
President, CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance. Forward-looking statements in this press release include, but are not limited to, statements regarding: the Consolidation, including the receipt of required regulatory approvals and the anticipated benefits of the Consolidation, the final Consolidation ratio to be determined by the Board, the number of common shares outstanding post-Consolidation, the push out of post-Consolidation securities. This forward-looking information reflects Blue Moon’s current beliefs and is based on information currently available to Blue Moon and on assumptions Blue Moon believes are reasonable. These assumptions include, but are not limited to: the underlying value of Blue Moon and its common shares; TSX Venture Exchange approval of the Consolidation; the number of common shares that will be outstanding post-Consolidation; the anticipated benefits of the Consolidation; Blue Moon’s general and administrative costs remaining constant; and the market acceptance of Blue Moon’s business strategy.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change, including but not limited to: that the final Consolidation ratio is subject to Board and regulatory approval; that the TSXV will not approve the Consolidation; that the number of common shares post-Consolidation may differ from the expected; that the anticipated benefits of the Consolidation may not be realized; general business, economic, competitive, political and social uncertainties; industry conditions; environmental risks; operational risks in exploration and development; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting Blue Moon; the timing and availability of external financing on acceptable terms; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward- looking information can be found in Blue Moon’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents management’s current expectations and are based on information currently available to management, and are subject to change after the date of this news release. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
Forward-looking information is provided herein for the purpose of giving information about the Project and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca.
FAQ
What is the maximum share consolidation ratio proposed by Blue Moon Metals (TSXV: MOON)?
How many shares will Blue Moon Metals have after the maximum 10:1 consolidation?
Do Blue Moon Metals shareholders need to take any action for the share consolidation?
What happens to fractional shares in Blue Moon Metals' consolidation?
