Ascot Announces Share Consolidation Effective Date

About this update from Cambria Gold Mines Inc.

[{"type":"text","content":"Ascot Announces Share Consolidation Effective Date\n\n\n\n VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n Ascot Resources Ltd.\n \n (TSXV: AOT.H; OTCID: AOTVF) (“\n \n Ascot\n \n ” or the “\n \n Company\n \n ”) announces that the effective date for the previously announced share consolidation (the “\n \n Consolidation\n \n ”) will be December 16, 2025. As outlined in the Company’s news release dated October 23, 2025, the Consolidation will be conducted on the basis of (50) pre-consolidation common shares (the “\n \n Pre-Consolidation Shares\n \n ”) for one (1) post-consolidation common share (the “\n \n Post-Consolidation Shares\n \n ”). The Consolidation is part of a larger restructuring process, including a rights offering, the Consolidation, a bridge financing and a private placement.\n \n\n The Post-Consolidation Shares are scheduled to begin trading on NEX Board (the “\n \n NEX\n \n ”) of the TSX Venture Exchange (the “\n \n TSX-V\n \n ”) at the market open on December 16, 2025, under the existing symbol “AOT.H”. Following the Consolidation, the new CUSIP number for the common shares will be 04364G783 and the new ISIN number will be CA04364G7839. There will be no name change in association with the Consolidation.\n \n\n No fractional shares will be issued as a result of the Consolidation. Any fractional interest in shares resulting from the Consolidation that is less than 0.5 of a common share will be rounded down to the nearest whole share and any fractional interest in common shares resulting from the Consolidation that is 0.5, or greater, of a common share will be rounded up to the nearest whole share. In all other respects, the Post-Consolidation Shares will have the same attributes as the Pre-Consolidation Shares. Following the Consolidation, the Company’s 1,487,580,162 common shares currently issued and outstanding will be approximately 29,751,603 common shares issued and outstanding, not accounting for the closing of a rights offering on a pre-consolidated basis.\n \n\n The exercise or conversion price and the number of common shares issuable under any of the Company’s outstanding warrants, stock options and convertible debentures, as applicable, will be proportiona...

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