Bayridge Announces Proposed Share Consolidation
Bayridge Resources (OTCQB:BYRRF) has announced a proposed 10-for-1 share consolidation approved by its Board of Directors. The consolidation will reduce the company's outstanding shares from 73,422,979 to approximately 7,342,297 shares.
The Board believes this strategic move will enhance the company's ability to secure financing opportunities, generate increased market interest, and improve trading liquidity. Bayridge will retain its current name and plans to provide additional details about the consolidation in a future announcement.
Bayridge Resources (OTCQB:BYRRF) ha annunciato una proposta di raggruppamento azionario 10-contro-1 approvata dal suo Consiglio di Amministrazione. Il raggruppamento ridurr脿 le azioni in circolazione da 73,422,979 a circa 7,342,297 azioni.
Il Consiglio ritiene che questa mossa strategica migliorer脿 la capacit脿 della societ脿 di ottenere opportunit脿 di finanziamento, aumentare l'interesse del mercato e migliorare la liquidit脿 delle negoziazioni. Bayridge manterr脿 il nome attuale e intende fornire ulteriori dettagli sull'operazione in un prossimo comunicato.
Bayridge Resources (OTCQB:BYRRF) ha anunciado una propuesta de consolidaci贸n de acciones 10 a 1 aprobada por su Consejo de Administraci贸n. La consolidaci贸n reducir谩 las acciones en circulaci贸n de 73,422,979 a aproximadamente 7,342,297.
El Consejo cree que este movimiento estrat茅gico mejorar谩 la capacidad de la compa帽铆a para asegurar oportunidades de financiaci贸n, generar un mayor inter茅s del mercado y mejorar la liquidez de negociaci贸n. Bayridge mantendr谩 su nombre actual y planea proporcionar m谩s detalles sobre la consolidaci贸n en un pr贸ximo comunicado.
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Bayridge Resources (OTCQB:BYRRF) a annonc茅 une proposition de consolidation d'actions au ratio 10 pour 1 approuv茅e par son conseil d'administration. La consolidation r茅duira les actions en circulation de 73,422,979 脿 environ 7,342,297.
Le conseil estime que cette mesure strat茅gique renforcera la capacit茅 de la soci茅t茅 脿 obtenir des financements, 脿 susciter un int茅r锚t accru du march茅 et 脿 am茅liorer la liquidit茅 des 茅changes. Bayridge conservera son nom actuel et pr茅voit de fournir des d茅tails compl茅mentaires sur la consolidation dans une prochaine annonce.
Bayridge Resources (OTCQB:BYRRF) hat eine vorgeschlagene Aktienzusammenlegung im Verh盲ltnis 10:1 angek眉ndigt, die vom Vorstand genehmigt wurde. Die Zusammenlegung wird die ausstehenden Aktien von 73,422,979 auf etwa 7,342,297 Aktien reduzieren.
Der Vorstand ist der Ansicht, dass dieser strategische Schritt die F盲higkeit des Unternehmens verbessern wird, Finanzierungsm枚glichkeiten zu sichern, das Marktinteresse zu steigern und die Handelsliquidit盲t zu verbessern. Bayridge beh盲lt seinen aktuellen Namen bei und plant, weitere Details zur Zusammenlegung in einer k眉nftigen Mitteilung bekanntzugeben.
- Share consolidation could improve trading liquidity
- Enhanced flexibility for future financing opportunities
- Potential to attract broader investor interest
- Significant reduction in total outstanding shares may impact existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K) (the "Company" or "Bayridge") announces that its board of directors ("Board") has approved a share consolidation on a ten (10) for one (1) basis (the "Consolidation"). The Company currently has 73,422,979 common shares (the "Shares") issued and outstanding; following completion of the Consolidation, and subject to rounding, the Company will have approximately 7,342,297 Shares issued and outstanding. The Board believes the Consolidation will provide the Company with increased flexibility to seek financing opportunities, increase interest and improve trading liquidity.
The Company does not intend to undergo a name change in conjunction with the proposed Consolidation and will provide additional details regarding the Consolidation in a subsequent news release.
About Bayridge Resources Corp.
Bayridge Resources Corp. is a green energy company advancing its portfolio of Canadian uranium projects. The 1,337 ha Waterbury East project is located 25 km northeast of the Cigar Lake Mine in the northeastern Athabasca Basin region. Geophysical surveys have identified a 7km long conductivity corridor where mid-2000's drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested. The 11,142 ha Constellation project is located 60 km south of the present-day Athabasca Basin edge in an area of significant exploration activity for basement hosted uranium. Historic airborne radiometric, electromagnetic, and magnetic surveys identified electromagnetic conductors associated with magnetic lows.
ON BEHALF OF THE BOARD OF DIRECTORS:
For more information, please contact:
Satvir Dhillon, President and Chief Executive Officer
Email: [email protected]
Tel: 604-484-3031
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note on Forward-Looking Information
This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions and, in this news release, includes statements relating to the terms and completion of the consolidation, the financial and business prospects of the Company, its assets and other matters. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
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FAQ
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