Newrange Gold Announces Share Consolidation

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[{"type":"text","content":"Newrange Gold Announces Share Consolidation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\nB\n \n \n \n \n C -\nTheNewswire -\n \n \n \n \n April 4, 2023 -\n \n \n \n \n Newrange Gold Corp.\n \n \n \n \n (\n \n \n \n \n TSXV:NRG\n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n US:NRGOF\n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n Frankfurt:X6C)\n \n \n \n (\"\n \n \n Newrange\n \n \n \" or the “\n \n \n Company\n \n \n \")\n \n \n announces\nthat, further to the Company’s\n \n \n \n \n news release dated March\n6, 2023\n \n \n \n \n , it\n \n \n will consolidate its common shares on a 1 new for 6 old\nbasis.  The Company currently has\n \n \n 197,092,242\n \n \n common shares issued and outstanding.\n Following the Share Consolidation, the Company expects to have\n \n \n 32,848,707\n \n \n common shares\nissued and outstanding. The TSX Venture Exchange (\"TSXV\")\nhas confirmed that the Share Consolidation will be effective at the\nmarket open on April 6, 2023 on the TSXV on a post-consolidated basis,\nhowever, the Company's common shares will remain halted pending review\nof the Reverse Takeover of Mithril Resources Limited (see\n \n \n \n \n Newrange news release\ndated March 6, 2023\n \n \n \n \n ).  The Company's\nname and trading symbol remain unchanged.\n \n \n \n \n On the effective date, the Company's new CUSIP number\nwill be 65250B303 and ISIN will be CA65250B3039.  Letters of\ntransmittal describing the process by which shareholders may obtain\nnew share certificates or Direct Registration System (DRS) advices\nrepresenting their consolidated common shares will be mailed shortly\nto registered shareholders.  Shareholders who hold their shares\nthrough a broker or other intermediary and do not have shares\nregistered in their name will not be required to complete a letter of\ntransmittal.  The letter of transmittal will be filed under the\nCompany's profile on SEDAR at\n \n \n \n \n www.sedar.com\n \n \n \n \n .\n \n \n \n \n As a result of the Share Consolidation of the Company's\ncommon shares,\n \n \n the exercise or conversion price\nand the number of Common Shares issuable under any of the Company's\noutstanding warrants and stock options will be proportionately\nadjusted to reflect the Co...

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