Business
OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listing
OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listi...
About this update from Oceanagold Corporation
[{"type":"text","content":"\n\n\n\n OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listing\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 19, 2025\n \n\n /CNW/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) (\"OceanaGold\" or the \"Company\") announces the consolidation of its common shares on the basis of three (3) pre-consolidation common shares for one (1) post-consolidation common share (the \"Consolidation\") will take effect as of\n \n Monday, June 23, 2025\n \n (the \"Effective Date\").\n \n\n\n\n\n\n\n\n\n The shareholders of OceanaGold approved the Consolidation at the Annual General and Special Meeting held on\n \n June 4, 2025\n \n .\n \n\n The Company is considering a dual listing of its common shares on a major U.S. exchange, including the New York Stock Exchange, in the first half of 2026. The Company believes a U.S. listing could lead to increased interest by a wider audience of potential investors and result in increased marketability and trading liquidity. The motivation of the Consolidation is to raise the per share trading price of the Company's common shares to better comply with minimum trading price requirements of such exchanges.\n \n\n OceanaGold's post-consolidation common shares will be posted for trading on the Toronto Stock Exchange at the opening of trading on the Effective Date, under the current symbol \"OGC\" and new CUSIP number 675222400.\n \n\n As at the date of this news release, the Company has 693,379,818 common shares issued and outstanding. Following the completion of the Consolidation on the Effective Date, the Company is expected to have approximately 231,126,566 common shares issued and outstanding, subject to rounding. The exercise or conversion price of all performance rights and deferred share units will be proportionately adjusted reflecting the Consolidation ratio. No fractional post-consolidation common shares will be issued in effect with the Consolidation. Any fractional common share interest of 0.50 or more arising from the Co...