Standard Uranium Ltd. is set to complete a major consolidation of its outstanding common share capital, effective May 8, 2024. The consolidation, which will see one post-consolidation common share issued for every five pre-consolidation common shares, aims to increase flexibility and competitiveness in the market while making the company’s securities more attractive to potential investors.
With the consolidation, the company’s currently outstanding 230,649,292 common shares will be reduced to approximately 46,129,859 common shares. Shareholders are advised that no fractional shares will be issued, and any fractional shares will be rounded down to the nearest whole number.
Registered shareholders will receive a letter of transmittal with instructions on exchanging their pre-consolidation share certificates for new post-consolidation share certificates. Beneficial shareholders holding shares through a brokerage will have different procedures for obtaining their post-consolidation shares.
Standard Uranium Ltd. is a uranium exploration company with a focus on discovering new deposits in the Athabasca Basin in Saskatchewan, Canada. The company’s projects include the Davidson River Project, which has shown promise for high-grade uranium discoveries, and the Sun Dog project, also rich in uranium potential.
The company has successfully completed joint ventures on multiple projects, totaling over $31 million in work commitments from 2024-2027. With a strong focus on exploration and development, Standard Uranium Ltd. is poised for future success in the uranium market. For more information, interested parties can contact CEO Jon Bey at info@standarduranium.ca.
