Business
Alturas Minerals Proposes Share Consolidation and Debt Settlement
TORONTO, ON / ACCESS Newswire / March 11, 2026 / Alturas Minerals Corp. (the "Company") (TSX-V...
About this update from Alturas Minerals Corp.
[{"type":"text","content":"Alturas Minerals Proposes Share Consolidation and Debt SettlementTORONTO, ON / ACCESS Newswire / March 11, 2026 / Alturas Minerals Corp. (the \"Company\") (TSX-V:ALT.V) is pleased to announce that the Company will be seeking shareholder approval for a consolidation of the Company's outstanding common shares (the \"Shares\") on the basis of up to a maximum of ten (10) pre-consolidation Shares for one (1) post-consolidation share (the \"Consolidation\") at the discretion of the Board of Directors. The Consolidation will be put to a shareholder vote at the Company's forthcoming Annual General and Special Meeting (\"AGSM\") scheduled for April 9, 2026, voting materials for which will be available shortly. Management is seeking approval for the consolidation in its efforts to attract new opportunities.Prior to giving effect to the proposed Consolidation, which will also affect all outstanding options and warrants of the Company, the Company currently has 145,632,143 Shares issued and outstanding. Assuming a Consolidation on the basis of ten (10) pre-Consolidation Shares for one (1) post Consolidation Share, the Company will have approximately 14,563,214 post-Consolidation Shares issued and outstanding. No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation such fractional Common Share that is less than ½ of one (1) post-Consolidation Share will be cancelled and each fractional Common Share that is at least ½ of one (1) post-Consolidation will be rounded up to one (1) whole post-Consolidation Share. No cash consideration will be paid in respect of fractional shares. Shareholders' proportional ownership in the Company will remain unchanged following the Consolidation. The Consolidation is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and approval by at least two thirds of the votes cast by the holders of Shares present in person or by represented proxy at the AGSM. It is anticipated that the Consolidation will take effect some weeks following the April 9, 2026, AGSM. A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates represe...