Camino Announces Effective Date of Share Consolidation
Camino Minerals (CAMZF) has announced the implementation of a share consolidation effective January 20, 2025. The consolidation will be executed on a 6:1 basis, reducing the outstanding common shares from 209,251,638 to approximately 34,875,273.
The consolidation will maintain proportional shareholder ownership, and no fractional shares will be issued. Fractional shares less than one-half will be rounded down and cancelled, while those equal to or greater than one-half will be rounded up to one whole share. The company's exercise or conversion price and number of shares issuable under outstanding convertible securities will be adjusted proportionally.
Registered shareholders holding physical certificates will receive a letter of transmittal to exchange their certificates, while shareholders holding shares through brokers won't need to complete this process. The new CUSIP number will be 138050307 and the new ISIN number will be CA1380503070.
Camino Minerals (CAMZF) ha annunciato l'implementazione di una consolidazione delle azioni che avrà effetto dal 20 gennaio 2025. La consolidazione sarà eseguita su base 6:1, riducendo il numero totale delle azioni ordinarie da 209.251.638 a circa 34.875.273.
La consolidazione manterrà la proporzionalità della proprietà degli azionisti, e non verranno emesse frazioni di azioni. Le azioni frazionarie inferiori alla metà saranno arrotondate per difetto e annullate, mentre quelle pari o superiori alla metà saranno arrotondate per eccesso a un'azione intera. Il prezzo di esercizio o di conversione dell'azienda e il numero di azioni emettibili ai sensi dei titoli convertibili in circolazione saranno adeguati proporzionalmente.
Gli azionisti registrati in possesso di certificati fisici riceveranno una lettera di trasmissione per scambiare i propri certificati, mentre gli azionisti che detengono azioni tramite intermediari non dovranno completare questo processo. Il nuovo numero CUSIP sarà 138050307 e il nuovo numero ISIN sarà CA1380503070.
Camino Minerals (CAMZF) ha anunciado la implementación de una consolidación de acciones efectiva a partir del 20 de enero de 2025. La consolidación se ejecutará sobre una base de 6:1, reduciendo las acciones ordinarias en circulación de 209,251,638 a aproximadamente 34,875,273.
La consolidación mantendrá la propiedad proporcional de los accionistas y no se emitirán acciones fraccionarias. Las acciones fraccionarias menores a la mitad se redondearán hacia abajo y se cancelarán, mientras que aquellas iguales o mayores a la mitad se redondearán hacia arriba a una acción entera. El precio de ejercicio o conversión de la compañía y el número de acciones que se pueden emitir bajo los valores convertibles en circulación se ajustarán proporcionalmente.
Los accionistas registrados que posean certificados físicos recibirán una carta de transmisión para intercambiar sus certificados, mientras que los accionistas que tengan acciones a través de corredores no necesitarán completar este proceso. El nuevo número CUSIP será 138050307 y el nuevo número ISIN será CA1380503070.
카미노 미네랄스 (CAMZF)는 2025년 1월 20일부터 유효한 주식 통합을 시행한다고 발표했습니다. 통합은 6:1 비율로 실행되어, 발행 주식 수가 209,251,638에서 약 34,875,273로 감소합니다.
주식 통합은 주주들의 비례 소유권을 유지하고, 분할 주식은 발행되지 않습니다. 절반 미만의 분할 주식은 아래로 반올림되어 취소되며, 절반 이상은 한 주식으로 반올림됩니다. 회사의 행사 또는 전환 가격 및 발행 가능한 전환 증권의 주식 수는 비례적으로 조정됩니다.
물리적 증서를 보유한 등록 주주들은 증서를 교환하기 위한 전송 편지를 받게 되며, 중개인을 통해 주식을 보유한 주주들은 이 과정을 완료할 필요가 없습니다. 새로운 CUSIP 번호는 138050307이며, 새로운 ISIN 번호는 CA1380503070입니다.
Camino Minerals (CAMZF) a annoncé la mise en œuvre d'une consolidation d'actions effective à partir du 20 janvier 2025. La consolidation sera effectuée sur une base de 6:1, réduisant les actions ordinaires en circulation de 209.251.638 à environ 34.875.273.
La consolidation maintiendra la propriété proportionnelle des actionnaires, et aucune action fractionnée ne sera émise. Les actions fractionnées inférieures à la moitié seront arrondies à l'inférieur et annulées, tandis que celles égales ou supérieures à la moitié seront arrondies à la hausse à une action entière. Le prix d'exercice ou de conversion de l'entreprise et le nombre d'actions pouvant être émises au titre des titres convertibles en circulation seront ajustés proportionnellement.
Les actionnaires enregistrés détenant des certificats physiques recevront une lettre de transmission pour échanger leurs certificats, tandis que les actionnaires détenant des actions par l'intermédiaire de courtiers n'auront pas besoin de procéder à cette opération. Le nouveau numéro CUSIP sera 138050307 et le nouveau numéro ISIN sera CA1380503070.
Camino Minerals (CAMZF) hat die Umsetzung einer Aktienkonsolidierung bekannt gegeben, die am 20. Januar 2025 wirksam wird. Die Konsolidierung erfolgt im Verhältnis 6:1, wodurch die ausstehenden Stammaktien von 209.251.638 auf etwa 34.875.273 reduziert werden.
Die Konsolidierung wird die proportionale Eigentümerschaft der Aktionäre aufrechterhalten, und es werden keine Bruchstücke ausgegeben. Bruchstücke unterhalb der Hälfte werden abgerundet und storniert, während solche, die gleich oder größer als die Hälfte sind, auf eine ganze Aktie aufgerundet werden. Der Ausübungspreis oder Umwandlungspreis des Unternehmens und die Anzahl der unter ausstehenden wandelbaren Wertpapieren ausgebbaren Aktien werden proportional angepasst.
Registrierte Aktionäre mit physischen Zertifikaten erhalten ein Übermittlungsschreiben zum Austausch ihrer Zertifikate, während Aktionäre, die Aktien über Broker halten, diesen Prozess nicht abschließen müssen. Die neue CUSIP-Nummer wird 138050307 und die neue ISIN-Nummer wird CA1380503070 sein.
- Share consolidation may improve trading efficiency and marketability
- Proportional ownership remains unchanged for shareholders
- Total share count reduction might affect stock liquidity
- Shareholders with fractional shares below 0.5 will lose these positions without compensation
VANCOUVER, BC / ACCESS Newswire / January 16, 2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the "Company") is pleased to announce that, further to its news release of January 10, 2025, it will implement the consolidation (the "Consolidation") of the common shares in the capital of the Company (the "Common Shares") on the basis of six (6) pre-Consolidation Common Shares for every one (1) post-Consolidation Common Share. The Consolidation will take effect at market open on Monday, January 20, 2025.
The Consolidation will reduce the number of outstanding Common Shares, from 209,251,638 pre-Consolidation Common Shares to approximately 34,875,273 post-Consolidation Common Shares. The proportional ownership of shareholders in the Company will remain unchanged following the Consolidation.
The Company's name will remain unchanged after the Consolidation. The new CUSIP number for the post-Consolidation Common Shares will be 138050307 and the new ISIN number for the post-Consolidation Common Shares will be CA1380503070.
No fractional post-Consolidation Common Shares will be issued as a result of the Consolidation. In the event that the Consolidation would otherwise result in a shareholder of the Company holding a fraction of a post-Consolidation Common Share, such fractional share, if less than one-half, will be rounded down to zero and cancelled (without any compensation therefor) and, if equal to or greater than one-half, will be rounded up to one whole post-Consolidation Common Share and added to the number of post-Consolidation Common Shares which the shareholder is entitled to receive.
The exercise or conversion price, and the number of shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted in accordance with their terms upon the effectiveness of the Consolidation.
Registered shareholders who hold physical certificates representing pre-Consolidation Common Shares will receive a letter of transmittal requesting that they forward such physical share certificates to the Company's transfer agent, Odyssey Trust Company, in exchange for new physical share certificates representing post-Consolidation Common Shares.Shareholders who hold Common Shares through a broker or other intermediary and do not have Common Shares registered in their own name will not be required to complete a letter of transmittal.
About Camino
Camino is a discovery and development stage copper exploration company. On October 7, 2024, Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in Chile. Camino is focused on developing copper producing assets such as Puquios, and advancing its IOCG Los Chapitos copper project located in Peru through to resource delineation and development, and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its NI 43-101 resources. In addition, Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com.
ON BEHALF OF THE BOARD | For further information, please contact: |
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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Forward-looking information in the release includes, without limitation, the completion of the Consolidation and the number of post-Consolidation Common Shares expected to be issued and outstanding. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such risk factors include, among others, that actual results of the Company's exploration activities may be different than those expected by management, that the Financing may not be fully subscribed or completed on the terms described herein, that the Company may be unable to obtain or will experience delays in obtaining any required authorizations and approvals and the state of equity and commodity markets. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Camino Minerals Corp
View the original press release on ACCESS Newswire
FAQ
What is the share consolidation ratio for Camino Minerals (CAMZF)?
How many shares will CAMZF have after the January 2025 consolidation?
When does CAMZF's share consolidation take effect?
What happens to fractional shares in CAMZF's consolidation?
What are CAMZF's new CUSIP and ISIN numbers after consolidation?
