Business
Silicon Metals Corp. Announces Share Consolidation and Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - SILICON METALS CORP. (CSE: SI) (OTC Pink: SLCNF) (FSE: X6U) ("Silicon Metals" or the "Company") announces that it intends to consolidate the common shares of the Company (each, a "Share") on the basis of one (1) post-consolidation Share for every five (5) pre-consolidation Shares (the "Consolidation").Currently, a total of 53,051,908 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total.
About this update from Shoulder Innovations, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - SILICON METALS CORP. (CSE: SI) (OTC Pink: SLCNF) (FSE: X6U) ("Silicon Metals" or the "Company") announces that it intends to consolidate the common shares of the Company (each, a "Share") on the basis of one (1) post-consolidation Share for every five (5) pre-consolidation Shares (the "Consolidation").","length":418,"tagName":"p"},{"type":"text","content":"Currently, a total of 53,051,908 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 10,610,382 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options or Common Share purchase warrants will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.","length":547,"tagName":"p"},{"type":"text","content":"Endeavor Trust Corporation will mail out a Letter of Transmittal to the shareholders of record as of the record date providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Endeavor in accordance with the instructions in the Letter of Transmittal.","length":416,"tagName":"p"},{"type":"text","content":"Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company or other intermediary should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.","length":253,"tagName":"p"},{"type":"text","content":"The Consolidation is subject to the approval of the Canadian Securities Exchange (the "CSE"). Upon acceptance by the CSE, the Company's trading symbol will remain the same, but the CUSIP and ISIN numbers will change upon the completion of the Consolidation.","length":271,"tagName":"p"},{"type":"text","content":"The Company also wishes to announce the resignation of Mr. Leighton Bocking from the board of directors. The Company thanks Mr. Bocking for his time and commitment over recent years ass...