Business
Western Gold Announces Effective Date for Consolidation
North Berwick, Scotland--(Newsfile Corp. - October 31, 2025) - WESTERN GOLD EXPLORATION LTD. (TS...
About this update from Western Gold Exploration Ltd.
[{"type":"text","content":"Western Gold Announces Effective Date for ConsolidationNorth Berwick, Scotland--(Newsfile Corp. - October 31, 2025) - WESTERN GOLD EXPLORATION LTD. (TSXV: WGLD) (the \"Company\") is pleased to announce that effective Tuesday, November 4, 2025 (the \"Effective Date\"), the Company will implement the previously announced share consolidation on the basis of 3.85 pre-consolidation common shares for each one (1) post-consolidation common share (the \"Consolidation\"). The Company has received approval for the Consolidation from the TSX Venture Exchange. Following the Consolidation, the common shares of the Company are scheduled to begin trading on a post-consolidation basis at market open on Tuesday, November 4, 2025. The Company's stock symbol, \"WGLD\" will not change. The new CUSIP number will be 95827R200 and the new ISIN number will be CA95827R2000. Following the Consolidation, the Company will have approximately 22,168,612 common shares issued and outstanding prior to rounding for fractional shares.No fractional shares will be issued as a result of the Consolidation. The number of post-Consolidation common shares issuable to a shareholder of the Company shall be rounded up in the event that said shareholder was entitled to a fractional share equivalent to one-half or more of a post-Consolidation common share and shall be rounded down in the event that said shareholder was entitled to a fractional share equivalent to less than one-half of a post-Consolidation common share, provided that no shareholder shall be entitled to more than one such rounding up.Registered shareholders holding share certificates of the Company will be mailed a letter of transmittal from the Company's transfer agent, Alliance Trust Company, as soon as practicable after the Effective Date advising of the Consolidation and instructing them to surrender and exchange their share certificates or Direct Registration System (DRS) statements evidencing their pre-Consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. A copy of the letter of transmittal will be posted on the Company's issuer profile on SEDAR+ at www.sedarplus.ca. Non-registered shareholders holding common shares of the Company through an intermediary (a securities broker, dealer, bank or finan...