Business
Euro Manganese Announces Share Consolidation
Vancouver, British Columbia and Sydney, Australia--(Newsfile Corp. - March 30, 2025) - Euro Manga...
About this update from Euro Manganese, Inc.
[{"type":"text","content":"Euro Manganese Announces Share ConsolidationVancouver, British Columbia and Sydney, Australia--(Newsfile Corp. - March 30, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (OTCQB: EUMNF) (FSE: E06) (the \"Company\" or \"EMN\") announces that, as previously announced on March 6, 2025 and as approved by its board of directors, the Company will consolidate its issued and outstanding common shares (\"Common Shares\") at a ratio of five (5) pre-consolidation Common Shares to one (1) post-consolidation Common Share (\"Consolidation\"). The Consolidation will be effective as of March 31, 2025. The Common Shares will commence trading on a post-Consolidation basis at the start of trading on April 2, 2025 on the TSX Venture Exchange (\"TSXV\") and the CDIs (as defined below) will commence trading on a post-Consolidation basis at the start of trading on April 3, 2025 on the Australian Securities Exchange (\"ASX\"), all subject to necessary securities exchange approvals.No fractional Common Shares or CDIs will be issued as a result of the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional Common Share or CDI as a result of the Consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater, and rounded down to the next lower whole number if the fraction is less than 0.5.Letters of transmittal are being mailed to all registered shareholders of the Company with instructions on how to exchange existing share certificates for new share certificates or DRS statements.Registered shareholders who hold their Common Shares via the direct registration system are not required to complete a letter of transmittal. A sample letter of transmittal is also available on the Company's profile page on SEDAR+, if a registered shareholder does not receive a letter of transmittal in respect of its Common Shares represented by share certificates.Non-registered shareholders (i.e. beneficial shareholders) who hold their Common Shares or CDIs through an intermediary (i.e. a securities dealer, bank or financial institution) should note that the intermediary may have different procedures for processing the Consolidation from those that will be put in place by the Company for registered shareholders. Shareholders who hold their Common Shares or CDIs through an intermediary who have...