Pacific Ridge Announces Effective Date of Share Consolidation
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) has announced the effective date for its previously reported share consolidation. The consolidation, set for January 23, 2025, will be conducted on a 10:1 ratio, where every ten pre-consolidation shares will be converted into one post-consolidation share.
Following the consolidation, the company will have approximately 17.0M common shares outstanding with a market capitalization under CAD$5.0M. Pacific Ridge will maintain control of eight copper projects across America and Canada, with over $20.0M spent on Canadian projects since 2021. The company plans to seek partners for Canadian copper projects while focusing on recently optioned copper and gold projects in America.
The shares will continue trading on the TSXV under the symbol 'PEX' with new CUSIP and ISIN numbers. No fractional shares will be issued, and any fractional interests will be rounded down. The consolidation will proportionally adjust outstanding warrants, options, and similar securities.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) ha annunciato la data effettiva per la sua precedente consolidazione delle azioni. La consolidazione, prevista per il 23 gennaio 2025, sarà effettuata con un rapporto di 10:1, dove ogni dieci azioni pre-consolidamento saranno convertite in una azione post-consolidamento.
Seguito alla consolidazione, la società avrà circa 17,0 milioni di azioni ordinarie in circolazione con una capitalizzazione di mercato al di sotto di CAD$5,0 milioni. Pacific Ridge manterrà il controllo su otto progetti di rame in America e Canada, con oltre $20,0 milioni spesi in progetti canadesi dal 2021. La società prevede di cercare partner per i progetti di rame canadesi mentre si concentra su progetti recenti di rame e oro negli Stati Uniti.
Le azioni continueranno a essere quotate sul TSXV con il simbolo 'PEX' e nuovi numeri CUSIP e ISIN. Non saranno emesse frazioni di azioni, e qualsiasi interesse frazionario sarà arrotondato. La consolidazione regolerà proporzionalmente i warrant, le opzioni e titoli simili in circolazione.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) ha anunciado la fecha efectiva para su consolidación de acciones previamente reportada. La consolidación, programada para el 23 de enero de 2025, se llevará a cabo en un ratio de 10:1, donde cada diez acciones antes de la consolidación se convertirán en una acción después de la consolidación.
Luego de la consolidación, la empresa tendrá aproximadamente 17,0 millones de acciones ordinarias en circulación con una capitalización de mercado de menos de CAD$5,0 millones. Pacific Ridge mantendrá el control de ocho proyectos de cobre en América y Canadá, habiendo gastado más de $20,0 millones en proyectos canadienses desde 2021. La empresa planea buscar socios para proyectos de cobre canadienses mientras se enfoca en proyectos recientes de cobre y oro en América.
Las acciones continuarán negociándose en el TSXV bajo el símbolo 'PEX' con nuevos números CUSIP e ISIN. No se emitirán acciones fraccionarias, y cualquier interés fraccionario se redondeará hacia abajo. La consolidación ajustará proporcionalmente los warrants, opciones y valores similares en circulación.
퍼시픽 리지 탐사 (TSXV: PEX) (OTCQB: PEXZF)는 이전에 보고된 주식 통합의 효력 발생일을 발표했습니다. 통합은 2025년 1월 23일로 예정되어 있으며, 10:1 비율로 진행되어 사전 통합 주식 10주가 사후 통합 주식 1주로 변환됩니다.
통합 이후, 회사는 약 1,700만 보통주가 유통될 것으로 예상되며, 시장 자본금은 CAD$500만 미만입니다. 퍼시픽 리지는 북미와 캐나다 전역에서 8개의 구리 프로젝트를 관리하며, 2021년 이후 캐나다 프로젝트에 $2,000만 이상을 지출했습니다. 회사는 캐나다 구리 프로젝트의 파트너를 찾는 동시에 미국의 최근 옵션된 구리 및 금 프로젝트에 집중할 계획입니다.
주식은 'PEX'라는 기호로 TSXV에서 계속 거래되며 새로운 CUSIP 및 ISIN 번호가 부여됩니다. 분할 주식은 발행되지 않으며, 모든 분할 지분은 아래로 반올림됩니다. 통합은 발행된 워런트, 옵션 및 유사 자산을 비례적으로 조정합니다.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) a annoncé la date d'entrée en vigueur de sa consolidation d'actions précédemment rapportée. La consolidation, prévue pour le 23 janvier 2025, sera effectuée selon un ratio de 10:1, où chaque dix actions avant consolidation seront converties en une action après consolidation.
Suite à la consolidation, la société aura environ 17,0 millions d'actions ordinaires en circulation avec une capitalisation boursière inférieure à CAD$5,0 millions. Pacific Ridge conservera le contrôle de huit projets de cuivre en Amérique et au Canada, ayant investi plus de $20,0 millions dans des projets canadiens depuis 2021. La société prévoit de rechercher des partenaires pour ses projets de cuivre canadiens tout en se concentrant sur des projets récents de cuivre et d'or en Amérique.
Les actions continueront à être négociées sur TSXV sous le symbole 'PEX' avec de nouveaux numéros CUSIP et ISIN. Aucune action fractionnaire ne sera émise, et tout intérêt fractionnaire sera arrondi à la baisse. La consolidation ajustera proportionnellement les bons de souscription, options et titres similaires en circulation.
Pacific Ridge Exploration (TSXV: PEX) (OTCQB: PEXZF) hat das Datum für die zuvor angekündigte Aktienkonsolidierung bekannt gegeben. Die Konsolidierung, die für den 23. Januar 2025 geplant ist, erfolgt im Verhältnis 10:1, wobei zehn Aktien vor der Konsolidierung in eine Aktie nach der Konsolidierung umgewandelt werden.
Nach der Konsolidierung wird das Unternehmen voraussichtlich etwa 17,0 Millionen Stammaktien im Umlauf haben, mit einer Marktkapitalisierung von unter CAD$5,0 Millionen. Pacific Ridge wird die Kontrolle über acht Kupferprojekte in Amerika und Kanada behalten, wobei seit 2021 über $20,0 Millionen in kanadische Projekte investiert wurden. Das Unternehmen plant Partner für kanadische Kupferprojekte zu suchen, während es sich auf kürzlich optionierte Kupfer- und Goldprojekte in Amerika konzentriert.
Die Aktien werden weiterhin an der TSXV unter dem Symbol 'PEX' mit neuen CUSIP- und ISIN-Nummern gehandelt. Es werden keine Bruchstücke von Aktien ausgegeben, und alle Bruchteile werden abgerundet. Die Konsolidierung wird die ausstehenden Optionen, Warrants und ähnliche Wertpapiere proportional anpassen.
- Over $20.0M invested in Canadian copper projects since 2021
- Portfolio of eight copper projects across America and Canada
- Strategy to partner for Canadian projects while focusing on American operations
- Share consolidation indicates potential capital structure concerns
- Low market capitalization under CAD$5.0M suggests market presence
- Dilution of existing shareholders through 10:1 consolidation ratio
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") announces that the previously reported consolidation (the "Consolidation")(see news release dated January 8, 2025) of its common shares ("Common Shares") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares (the "Consolidation Ratio") is anticipated to be made effective for trading purposes on January 23, 2025.
"We believe that the Consolidation will help us attract the capital needed to explore and advance the recently optioned portfolio of copper and gold projects located in America," said Blaine Monaghan, President and CEO of Pacific Ridge. Post Consolidation, Pacific Ridge will have approximately 17.0M Common Shares issued and outstanding, a market capitalization under CAD
The Common Shares will continue trading on the TSX Venture Exchange ("TSXV") on a post-Consolidation basis under the name "Pacific Ridge Exploration Ltd." and the trading symbol "PEX". The new CUSIP and ISIN of the Common Shares will be 694798604 and CA6947986049, respectively. The Consolidation is subject to approval by the TSXV.
No fractional Common Shares will be issued in connection with the Consolidation and, in the event that a registered shareholder would otherwise become entitled to a fractional post-Consolidation Common Share, then such fractional share interest shall be rounded down to the nearest whole number and the fractional share shall be eliminated.
The exercise price and the number of Common Shares issuable under any outstanding common share purchase warrants, stock options and any other similar securities, will be proportionately adjusted upon the implementation of the Consolidation, in accordance with the terms of such securities, based on the Consolidation Ratio.
About Pacific Ridge
Pacific Ridge is one of North America's leading copper exploration companies. We own or control eight copper projects in premier copper mining districts located in America and Canada.
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Investor Relations:
Tel: (604) 687-4951
Email: ir@pacificridgeexploration.com
Website: www.pacificridgeexploration.com
LinkedIn: https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-/
Twitter: https://twitter.com/PacRidge_PEX
Neither the 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.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, are forward-looking statements. Forward looking statements in this news release include plans to complete the Consolidation and the anticipated effective date thereof. Although Pacific Ridge 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. Factors that could cause actual results to differ materially from those in forward-looking statements. These statements are based on a number of assumptions including, among other things, assumptions that TSXV approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the completion of the 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. Pacific Ridge 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/237904
FAQ
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