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BeMetals Announces Resumption of Trading on TSX Venture Exchange and Effective Date of Share Consolidation
VANCOUVER, BC / ACCESS Newswire / May 1, 2026 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frank...
About this update from Bemetals Corp.
[{"type":"text","content":"BeMetals Announces Resumption of Trading on TSX Venture Exchange and Effective Date of Share ConsolidationVANCOUVER, BC / ACCESS Newswire / May 1, 2026 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (\"BeMetals\" or the \"Company\") announces that trading of its common shares on the TSX Venture Exchange (the \"TSXV\") will resume, effective at the open of market on May 5, 2026, and, further to its news release dated April 16, 2026, it has received approval from the TSX Venture Exchange to consolidate the Company's outstanding common shares on the basis of one new common share for every 10 common shares (the \"Consolidation\").The Consolidation will take effect at the start of trading on May 8, 2026, and the Company's common shares will trade under the new CUSIP/ISIN numbers 081379307/CA0813793076 under the stock symbol \"BMET\". As a result of the Consolidation, the 294,423,604 common shares issued and outstanding prior to the Consolidation will be reduced to approximately 29,442,360 common shares. Each shareholder's percentage ownership in the Company and proportionate voting power will remain unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any fractional common shares.In connection with the Consolidation, the Company expects to send letters of transmittal to registered holders of its common shares for use in transmitting their existing share certificates (\"Existing Certificates\") to the Company's registrar and transfer agent, Computershare Investor Services Inc., in exchange for new certificates (\"New Certificates\") representing the number of post-Consolidation common shares to which each shareholder is entitled.No delivery of a New Certificate to a shareholder will be made until the shareholder has surrendered its Existing Certificates. Until surrendered, each Existing Certificate shall be deemed for all purposes to represent the number of post-Consolidation common shares to which the holder is entitled.About BeMetals Corp.BeMetals is a Canadian, precious and base metals exploration company focused on advancing its portfolio of high-potential mineral projects, while continuing to evaluate additional acquisition opportunities. The Company's immediate focus is exploration of the Savant Gold Project with district-scale potential to host both iron formati...