Business
Medaro Mining Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC PINK: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") announces the consolidation of its common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the "Consolidation"). The Company anticipates its Common Shares will commence trading on a post-Consolidation basis on the Canadian Securities Exchange (the "CSE") at market open o
About this update from Medaro Mining Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Medaro Mining Corp. (CSE: MEDA) (OTC PINK: MEDAF) (FSE: 1ZY) ("Medaro" or the "Company") announces the consolidation of its common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the "Consolidation").","length":381,"tagName":"p"},{"type":"text","content":"The Company anticipates its Common Shares will commence trading on a post-Consolidation basis on the Canadian Securities Exchange (the "CSE") at market open on May 9, 2025. The new CUSIP number for the post-Consolidation Common Shares will be 58404N307 and the new ISIN number will be CA58404N3076. The name of the Company and trading symbol will remain the same after the Consolidation.","length":397,"tagName":"p"},{"type":"text","content":"The Company currently has 18,239,295 Common Shares issued and outstanding. Following the Consolidation, the Company expects to have 3,647,861 Common Shares issued and outstanding, subject to any rounding variance. No fractional Common Shares will be issued pursuant to the Consolidation. As a result of the Consolidation, if a shareholder of the Company ("Shareholder") becomes entitled to receive a fraction of a Common Share, each fractional Common Share that is less than one-half (1/2) of a Common Share will be cancelled and each fractional Common Share that is at least one-half (1/2) of a Common Share will be rounded up to the nearest whole number and no cash consideration will be paid in respect of cancelled fractional Common Shares.","length":754,"tagName":"p"},{"type":"text","content":"The exercise price and number of Common Shares issuable upon the exercise of any outstanding securities convertible into Common Shares will be proportionately adjusted to reflect the Consolidation.","length":197,"tagName":"p"},{"type":"text","content":"As no Common Shares are presently held in certificate format, a Letter of Transmittal will not be provided to Shareholders and no action need be taken by Shareholders. Registered Shareholders holding Direct Registration System ("DRS") statements will receive new DRS statements representing post-Consolidation Common Shares directly from the transfer agent of the Company. Common Shares held by Shareholders...