STOCK TITAN

StrikePoint Gold Inc. Announces Effective Date of Share Consolidation

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) has announced the effective date for its previously disclosed share consolidation. The consolidation, subject to TSX Venture Exchange approval, will take effect at market opening on October 18, 2024. The consolidation ratio is set at ten (10) pre-consolidation shares for one (1) post-consolidation share.

Following the consolidation, StrikePoint will have approximately 26,389,420 common shares issued and outstanding. The company's name and trading symbol will remain unchanged. However, new CUSIP and ISIN numbers will be assigned to the post-consolidation shares: CUSIP: 86332K400 and ISIN: CA86332K4000.

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha annunciato la data effettiva per la sua preannunciata consolidazione delle azioni. La consolidazione, soggetta all'approvazione della TSX Venture Exchange, entrerà in vigore all'apertura del mercato il 18 ottobre 2024. Il rapporto di consolidazione è fissato a dieci (10) azioni pre-consolidazione per una (1) azione post-consolidazione.

In seguito alla consolidazione, StrikePoint avrà circa 26.389.420 azioni ordinarie emesse e in circolazione. Il nome e il simbolo di negoziazione dell'azienda rimarranno invariati. Tuttavia, nuovi numeri CUSIP e ISIN saranno assegnati alle azioni post-consolidazione: CUSIP: 86332K400 e ISIN: CA86332K4000.

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ha anunciado la fecha efectiva para su consolidación de acciones previamente divulgada. La consolidación, sujeta a la aprobación de la TSX Venture Exchange, entrará en vigor en la apertura del mercado el 18 de octubre de 2024. El ratio de consolidación se establece en diez (10) acciones pre-consolidación por una (1) acción post-consolidación.

Tras la consolidación, StrikePoint tendrá aproximadamente 26,389,420 acciones ordinarias emitidas y en circulación. El nombre de la compañía y su símbolo de negociación permanecerán sin cambios. Sin embargo, se asignarán nuevos números CUSIP e ISIN a las acciones post-consolidación: CUSIP: 86332K400 y ISIN: CA86332K4000.

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF)는 이전에 발표된 주식 통합의 발효 날짜를 발표했습니다. 통합은 TSX Venture Exchange의 승인을 조건으로 하며, 2024년 10월 18일 시장 개장 시에 발생합니다. 통합 비율은 통합 전 주식 10주당 통합 후 주식 1주로 설정됩니다.

통합 후 StrikePoint는 약 26,389,420주의 보통주가 발행 및 유통됩니다. 회사의 이름과 거래 기호는 변경되지 않습니다. 그러나 통합 후 주식에는 새로운 CUSIP 및 ISIN 번호가 부여됩니다: CUSIP: 86332K400ISIN: CA86332K4000.

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) a annoncé la date d'entrée en vigueur de sa consolidation d'actions préalablement divulguée. La consolidation, sous réserve de l'approbation de la TSX Venture Exchange, prendra effet à l'ouverture du marché le 18 octobre 2024. Le ratio de consolidation est fixé à dix (10) actions avant consolidation pour une (1) action après consolidation.

Suite à la consolidation, StrikePoint aura environ 26.389.420 actions ordinaires émises et en circulation. Le nom de l'entreprise et le symbole boursier resteront inchangés. Cependant, de nouveaux numéros CUSIP et ISIN seront attribués aux actions après consolidation : CUSIP: 86332K400 et ISIN: CA86332K4000.

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) hat das effektive Datum für die zuvor bekannt gegebene Aktienkonsolidierung bekannt gegeben. Die Konsolidierung, die der Genehmigung der TSX Venture Exchange unterliegt, tritt bei Markteröffnung am 18. Oktober 2024 in Kraft. Das Konsolidierungsverhältnis beträgt zehn (10) Vorkonsolidierungsaktien für eine (1) Postkonsolidierungsaktie.

Nach der Konsolidierung wird StrikePoint etwa 26.389.420 Stammaktien ausgegeben haben. Der Name und das Handelssymbol des Unternehmens bleiben unverändert. Allerdings werden neue CUSIP- und ISIN-Nummern für die Postkonsolidierungsaktien zugewiesen: CUSIP: 86332K400 und ISIN: CA86332K4000.

Positive
  • Share consolidation may potentially increase share price and attract new investors
  • Reduction in outstanding shares from approximately 263,894,200 to 26,389,420
Negative
  • Potential short-term market volatility due to share consolidation
  • No change in company's overall market capitalization

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce that, subject to TSX Venture Exchange approval, the previously announced consolidation of the Company's outstanding common shares on the basis of ten (10) pre-consolidation shares for one (1) post-consolidation share (the "Consolidation") will become effective at the market opening on October 18, 2024. Following the Consolidation, the Company will have approximately 26,389,420 common shares issued and outstanding. The Company's name and trading symbol will remain unchanged after the Consolidation. The new CUSIP number will be 86332K400 and the new ISIN number will be CA86332K4000 for the post-Consolidation shares.

About StrikePoint

StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.

Both the Cuprite Gold Project and the Hercules Gold Project are located in Nevada's Walker Lane Gold Trend where StrikePoint is rapidly becoming one of the largest holder of mineral claims with approximately 145 square kilometers of prospective geology under claim.

The Walker Lane hosts AngloGold Ashanti's multi-million once Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine.

In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

"Michael G. Allen"

Michael G. Allen
President, Chief Executive Officer & Director

For more information, please contact:

StrikePoint Gold Inc.
Knox Henderson, Investor Relations
T: (604) 551-2360
E: kh@strikepointgold.com
W: www.strikepointgold.com

Cautionary Statement on Forward-Looking Information

Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would". These forward-looking statements or information relate to, among other things: the completion of the Private Placement and the Consolidation; the intended use of proceeds from the Private Placement; and the receipt of all necessary approvals for the completion of the Private Placement and the Consolidation, including the approval of the TSX Venture Exchange.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Private Placement and the Consolidation on the terms as anticipated by management, and that the Company will receive all necessary approvals for the completion of the Private Placement and the Consolidation, including the approval of the TSX Venture Exchange. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

All of the forward-looking statements made in this document are qualified by these cautionary statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the failure to complete the Private Placement or the Consolidation in the timeframe and on the terms as anticipated by management, market conditions, metal prices, and risks relating to the Company not receiving all necessary approvals for the completion of the Private Placement or the Consolidation, including the approval of the TSX Venture Exchange. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward-looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226769

FAQ

When will StrikePoint Gold Inc. (STKXF) implement its share consolidation?

StrikePoint Gold Inc. (STKXF) will implement its share consolidation at market opening on October 18, 2024, subject to TSX Venture Exchange approval.

What is the consolidation ratio for StrikePoint Gold Inc. (STKXF) shares?

The consolidation ratio for StrikePoint Gold Inc. (STKXF) shares is ten (10) pre-consolidation shares for one (1) post-consolidation share.

How many outstanding shares will StrikePoint Gold Inc. (STKXF) have after the consolidation?

After the consolidation, StrikePoint Gold Inc. (STKXF) will have approximately 26,389,420 common shares issued and outstanding.

Will StrikePoint Gold Inc. (STKXF) change its name or trading symbol after the consolidation?

No, StrikePoint Gold Inc. (STKXF) will not change its name or trading symbol after the share consolidation.

STRIKEPOINT GOLD INC

OTC:STKXF

STKXF Rankings

STKXF Latest News

STKXF Stock Data

65.97M
25.96M
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver