Business
Taurus Gold Corp. Announces Proposed Share Consolidation and Unit Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) new common share (each a "Consolidated Common Share") for every four (4) existing Common Shares (the "Consolidation"). It is anticipated that the Consolidation will reduce the number of outstanding Common Shares ...
About this update from Taurus Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) new common share (each a "Consolidated Common Share") for every four (4) existing Common Shares (the "Consolidation").","length":436,"tagName":"p"},{"type":"text","content":"It is anticipated that the Consolidation will reduce the number of outstanding Common Shares from 37,717,870 Common Shares to approximately 9,429,467 Consolidated Common Shares. The board of directors of the Company believes that consolidation of the Common Shares will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan.","length":437,"tagName":"p"},{"type":"text","content":"The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release, anticipated prior to August 30, 2025.","length":249,"tagName":"p"},{"type":"text","content":"No fractional Consolidated Common Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Consolidated Common Share will be rounded down to the nearest whole number of Consolidated Common Shares and no cash consideration will be paid in respect of fractional shares.","length":338,"tagName":"p"},{"type":"text","content":"The exercise price and number of Common Shares, issuable upon the exercise of outstanding options and warrants, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.","length":235,"tagName":"p"},{"type":"text","content":"Non-Brokered Private Placement","length":30,"tagName":"p"},{"type":"text","content":"The Company also announces that concurrently with the Consolidation, the Company intends to undertake a non-brokered private placement of up to 140,000,000 post-Consolidation units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $7,000,000 (the "Financing").","len...