Business
Spearmint Resources Announces Share Consolidation and Name Change and Symbol Change
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5), (the "Company" or "Spearmi
About this update from Adelayde Exploration Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5), (the \"Company\" or \"Spearmint\") announces that, further to the Company's news release dated May 27, 2025, the consolidation of the Company's issued and outstanding common shares (the \"Shares\") on the basis of one new Share (a \"Post-consolidated Share\") for every ten currently outstanding Shares (the \"Consolidation\") will be effective at the opening of the market on June 30, 2025. The Company also announces it will change its name to \"Adelayde Exploration Inc.\" (the \"Name Change\") and change its trading symbol on the Canadian Securities Exchange (the \"Exchange\") to \"ADDY\" (the \"Symbol Change\") in connection with the Consolidation. Pursuant to the provisions of the Business Corporations Act (BC) and the articles of the Company, the Consolidation, the Name Change and the Symbol Change were approved by way of resolution passed by the board of directors of the Company. Effective June 30, 2025, the Shares of the Company will commence trading under the new trading symbol \"ADDY\" on the Exchange. The Company's name will change to Adelayde Exploration Inc. following the Consolidation. The new CUSIP number will be 006813109 and the new ISIN will be CA0068131097 for the Post-consolidated Shares. The Company currently has 287,828,583 common shares issued and outstanding, and after the Consolidation is effective there will be approximately 28,782,858 common shares issued and outstanding. No fractional Post-consolidated Shares will be issued as a result of the Consolidation. As required under the Business Corporations Act (BC), any fractional Shares remaining after the Consolidation that are less than one half of a Share will be cancelled and any fractional Shares that are at least one half of a Share will be rounded up to one whole Share. Registered shareholders of record as of the effective date who hold physical share certificates will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions on how to exchange for new share certificates representing Post-consolidated Shares. Beneficial shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own names will not be ...