Business
Metal Energy Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Metal Energy Corp. (MERG: TSXV) (MEEEF: OTCQB) (the "Company" or "Metal Energy") is pleased to announce an update on its Projects, as well as a corporate update. New OpportunitiesMetal Energy continues to evaluate additional acquisition opportunities to build on its portfolio of high-quality assets in prolific mining jurisdictions, such as the Highland Valley District and the Thompson Nickel Belt. Corporate UpdateThe Company is pleased to..
About this update from Metal Energy Corp
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - October 17, 2025) - Metal Energy Corp. (MERG: TSXV) (MEEEF: OTCQB) (the "Company" or "Metal Energy") is pleased to announce an update on its Projects, as well as a corporate update.","length":247,"tagName":"p"},{"type":"text","content":"New Opportunities","length":17,"tagName":"p"},{"type":"text","content":"Metal Energy continues to evaluate additional acquisition opportunities to build on its portfolio of high-quality assets in prolific mining jurisdictions, such as the Highland Valley District and the Thompson Nickel Belt.","length":221,"tagName":"p"},{"type":"text","content":"Corporate Update","length":16,"tagName":"p"},{"type":"text","content":"The Company is pleased to announce a consolidation of its outstanding Common Shares on the basis of one (1) new Common Share for every five (5) currently outstanding Common Shares.","length":180,"tagName":"p"},{"type":"text","content":"Immediately prior to the consolidation there are expected to be 141,346,980 Common Shares issued and outstanding, and it is expected that there will be 28,269,396 Common Shares following the consolidation, subject to rounding for any fractional shares.","length":254,"tagName":"p"},{"type":"text","content":"The Company's name and trading symbol will remain unchanged. A new CUSIP number of 591088208 (ISIN: CA5910882086) replaces the old CUSIP number.","length":151,"tagName":"p"},{"type":"text","content":"The consolidation is expected to take effect on October 20, 2025 and is subject to TSX Venture Exchange approval.","length":113,"tagName":"p"},{"type":"text","content":"The consolidation is being conducted on a "push-out" basis. Registered shareholders holding share certificates will be mailed a replacement certificate or a direct registration advice representing their post-consolidation shares. Until surrendered for exchange, following the effective date of the consolidation, is expected to be October 20, 2025, each share certificate formerly representing pre-consolidation shares will be deemed to represent the number of whole post-consolidation shares to which the holder is entitled as a result of the consolidation.","length":568,"tagName":"p"},{"type":"text","content":"Holders of shares of the Company who hold uncertificated shares (that is shares held in book-entry fo...