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S2 Minerals has completed its previously announced share consolidation, implementing a 2:1 ratio where one post-consolidation common share replaces every two pre-consolidation common shares. Following this consolidation, the company's total issued and outstanding common shares have been reduced from 37,937,649 to approximately 18,968,824 shares, subject to rounding adjustments.
The company's shares will continue trading on the Canadian Securities Exchange under the symbol 'STWO' with a new CUSIP number (78485F205). A letter of transmittal regarding the consolidation has been distributed to registered shareholders and is available on SEDAR+.
S2 Minerals announces a share consolidation effective December 5, 2024, where shareholders will receive one post-consolidation common share for every two pre-consolidation shares. The consolidation will reduce outstanding shares from 37,937,649 to approximately 18,968,824. Shareholders' percentage ownership and voting power will remain unchanged, except for minor adjustments due to fractional shares treatment. No fractional shares will be issued, and numbers will be rounded down. The stock will continue trading on CSE under symbol 'STWO' with new CUSIP number 78485F205.
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