Nickelex Announces Name Change to Paradigm Gold Corporation and Share Consolidation
Nickelex Resource (TSXV: NICK) has announced two significant corporate changes: a name change to Paradigm Gold and a 10:1 share consolidation. The changes will take effect around April 11, 2025, when the company will begin trading under the new symbol PDQ on the TSX Venture Exchange.
The share consolidation will reduce the current 90,203,230 outstanding common shares to approximately 9,020,308 shares. Management believes these changes will enhance investor interest, improve trading liquidity, and facilitate future financing opportunities. Shareholders will receive instructions to exchange their pre-consolidation share certificates for post-consolidation certificates once the changes take effect.
Nickelex Resource (TSXV: NICK) ha annunciato due importanti cambiamenti aziendali: un cambio di nome in Paradigm Gold e una consolidazione delle azioni in un rapporto di 10:1. Le modifiche entreranno in vigore intorno all'11 aprile 2025, quando la società inizierà a essere quotata con il nuovo simbolo PDQ sulla Borsa di Toronto Venture.
La consolidazione delle azioni ridurrà le attuali 90.203.230 azioni ordinarie a circa 9.020.308 azioni. La direzione crede che questi cambiamenti aumenteranno l'interesse degli investitori, miglioreranno la liquidità delle negoziazioni e faciliteranno future opportunità di finanziamento. Gli azionisti riceveranno istruzioni per scambiare i loro certificati azionari pre-consolidazione con certificati post-consolidazione una volta che le modifiche entreranno in vigore.
Nickelex Resource (TSXV: NICK) ha anunciado dos cambios corporativos significativos: un cambio de nombre a Paradigm Gold y una consolidación de acciones en una proporción de 10:1. Los cambios entrarán en vigor alrededor del 11 de abril de 2025, cuando la empresa comenzará a cotizar bajo el nuevo símbolo PDQ en la Bolsa de Valores de Toronto Venture.
La consolidación de acciones reducirá las actuales 90.203.230 acciones ordinarias a aproximadamente 9.020.308 acciones. La dirección cree que estos cambios aumentarán el interés de los inversores, mejorarán la liquidez de las operaciones y facilitarán futuras oportunidades de financiamiento. Los accionistas recibirán instrucciones para intercambiar sus certificados de acciones previos a la consolidación por certificados posteriores a la consolidación una vez que los cambios entren en vigor.
Nickelex Resource (TSXV: NICK)는 두 가지 중요한 기업 변화를 발표했습니다: Paradigm Gold로의 이름 변경과 10:1 주식 통합. 이 변화는 2025년 4월 11일경부터 시행될 예정이며, 그때 회사는 TSX 벤처 거래소에서 새로운 심볼 PDQ로 거래를 시작할 것입니다.
주식 통합은 현재의 90,203,230주를 약 9,020,308주로 줄일 것입니다. 경영진은 이러한 변화가 투자자의 관심을 높이고, 거래 유동성을 개선하며, 향후 자금 조달 기회를 용이하게 할 것이라고 믿고 있습니다. 주주들은 변화가 시행되면 통합 전 주식 증서를 통합 후 증서로 교환하기 위한 지침을 받을 것입니다.
Nickelex Resource (TSXV: NICK) a annoncé deux changements d'entreprise importants : un changement de nom en Paradigm Gold et une consolidation des actions au ratio de 10:1. Ces changements prendront effet autour du 11 avril 2025, date à laquelle la société commencera à être cotée sous le nouveau symbole PDQ sur la Bourse de Toronto Venture.
La consolidation des actions réduira les 90.203.230 actions ordinaires actuelles à environ 9.020.308 actions. La direction estime que ces changements accroîtront l'intérêt des investisseurs, amélioreront la liquidité des échanges et faciliteront les opportunités de financement futures. Les actionnaires recevront des instructions pour échanger leurs certificats d'actions pré-consolidation contre des certificats post-consolidation une fois que les changements entreront en vigueur.
Nickelex Resource (TSXV: NICK) hat zwei bedeutende Unternehmensänderungen angekündigt: eine Namensänderung zu Paradigm Gold und eine 10:1 Aktienkonsolidierung. Die Änderungen treten voraussichtlich am 11. April 2025 in Kraft, wenn das Unternehmen unter dem neuen Symbol PDQ an der TSX Venture Exchange gehandelt wird.
Die Aktienkonsolidierung wird die derzeit 90.203.230 ausgegebenen Stammaktien auf etwa 9.020.308 Aktien reduzieren. Das Management ist der Meinung, dass diese Änderungen das Interesse der Investoren steigern, die Handelsliquidität verbessern und zukünftige Finanzierungsmöglichkeiten erleichtern werden. Die Aktionäre erhalten Anweisungen zum Austausch ihrer Vor-Konsolidierungs-Aktienzertifikate gegen Nach-Konsolidierungs-Zertifikate, sobald die Änderungen in Kraft treten.
- Share consolidation may improve trading liquidity
- Potential for enhanced investor interest
- Better positioning for future financing opportunities
- Shareholders will experience 90% reduction in number of shares held
- Share consolidation may not guarantee improved market performance
- Additional administrative burden for shareholders to exchange share certificates
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - Nickelex Resource Corporation (TSXV: NICK) (the "Company") reports that it will change its name to "Paradigm Gold Corporation" pursuant to a resolution passed by Directors on March 7, 2025. The Board of Directors has also approved a capital consolidation of the Company's issued and outstanding common shares on a one new share for ten old shares basis. On or about April 11, 2025, the Company's shares will commence trading on a consolidated basis under the new name on the TSX Venture Exchange with a new symbol "PDQ" and new CUSIP number 69902F100.
There are currently 90,203,230 common shares issued and outstanding and, upon completion of the consolidation, there will be approximately 9,020,308 common shares issued and outstanding. The Company's management believes that the share consolidation will result in greater investor interest, improved trading liquidity and will facilitate future financing of the Company. The Company will send shareholders a letter of transmittal when the share consolidation has taken effect instructing shareholders to surrender the certificates evidencing their pre‐consolidation common shares for replacement certificates representing post‐consolidation common shares. The consolidation and name change are subject to TSX Venture Exchange approval.
On behalf of the Board of Directors,
"Lawrence Page, K.C."
Lawrence Page, K.C., Chairman and Director, Nickelex Resource Corporation
For further information, please contact us at 604.641.2759 or by email at corpdev@mnxltd.com.
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.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this news release, other than statements of historical facts, are forward-looking statements. Forward-looking statements in this news release include plans to change the Company's name and to complete the share consolidation and the anticipated effective date thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. These statements are based on a number of assumptions including, among other things, assumptions that TSX Venture Exchange approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the completion of the name change and consolidation will be satisfied in a timely manner; and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247713
FAQ
When will Nickelex (NICK) start trading as Paradigm Gold under the new PDQ symbol?
What is the share consolidation ratio for Nickelex's stock restructuring?
How many shares will be outstanding after Nickelex's consolidation?
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