Canter Resources Announces Share Consolidation
Canter Resources (OTC:CNRCF), a U.S.-focused lithium-boron exploration company, has announced plans for a 7:1 share consolidation of its common shares, subject to regulatory approval. The consolidation will reduce the company's outstanding shares from 57,198,401 to approximately 8,171,200.
The strategic move aims to enhance Canter's capital structure, improve trading liquidity, and strengthen its position for potential partnerships. The consolidation will proportionally adjust all convertible securities, with fractional shares being rounded according to a 0.5 threshold. The company will maintain its name and trading symbols, while new CUSIP and ISIN numbers will be announced later.
Canter Resources (OTC:CNRCF), una societ脿 statunitense di esplorazione di litio e boro, ha annunciato l'intenzione di effettuare un raggruppamento azionario 7:1 delle sue azioni ordinarie, soggetto all'approvazione regolamentare. Il raggruppamento ridurr脿 le azioni in circolazione da 57,198,401 a circa 8,171,200.
La mossa strategica punta a migliorare la struttura del capitale di Canter, accrescere la liquidit脿 dei titoli e consolidare la posizione per eventuali partnership. Tutti i titoli convertibili saranno adeguati proporzionalmente; le frazioni di azioni verranno arrotondate secondo una soglia di 0,5. La societ脿 manterr脿 nome e simboli di negoziazione, mentre i nuovi numeri CUSIP e ISIN saranno comunicati successivamente.
Canter Resources (OTC:CNRCF), una compa帽铆a estadounidense dedicada a la exploraci贸n de litio y boro, ha anunciado su intenci贸n de realizar una consolidaci贸n de acciones 7:1 de sus acciones ordinarias, sujeta a la aprobaci贸n regulatoria. La consolidaci贸n reducir谩 las acciones en circulaci贸n de 57,198,401 a aproximadamente 8,171,200.
La medida estrat茅gica busca optimizar la estructura de capital de Canter, mejorar la liquidez de negociaci贸n y fortalecer su posici贸n para posibles asociaciones. La consolidaci贸n ajustar谩 proporcionalmente todos los valores convertibles; las fracciones de acciones se redondear谩n seg煤n un umbral de 0,5. La compa帽铆a conservar谩 su nombre y sus s铆mbolos de cotizaci贸n, y los nuevos n煤meros CUSIP e ISIN se anunciar谩n m谩s adelante.
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鞚� 鞝勲灥鞝� 臁办箻電� Canter鞚� 鞛愲掣 甑“毳� 臧滌劆頃橁碃 瓯半灅 鞙犽彊靹膘潉 雴掛澊氅� 鞛犾灛鞝� 韺岉姼雱堨嫮鞐愳劀鞚� 鞛呾毳� 臧曧檾頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�. 氤戫暕鞚� 氇摖 鞝勴櫂 歃濌秾鞚� 牍勲鞝侅溂搿� 臁办爼頃橂┌, 欤检嫕 靻岇垬鞝愳潃 0.5 旮办鞙茧 氚橃槵毽茧惄雼堧嫟. 須岇偓氇呹臣 瓯半灅 鞁臣鞚� 攴鸽寑搿� 鞙犾霅橂┌, 靸堧鞖� CUSIP 氚� ISIN 氩堩樃電� 於旐泟 氚滍憸霅� 鞓堨爼鞛呺媹雼�.
Canter Resources (OTC:CNRCF), une soci茅t茅 am茅ricaine d'exploration du lithium et du bore, a annonc茅 son intention d'effectuer une consolidation d'actions au ratio 7:1 de ses actions ordinaires, sous r茅serve d'approbation r茅glementaire. La consolidation r茅duira le nombre d'actions en circulation de 57,198,401 脿 environ 8,171,200.
Cette mesure strat茅gique vise 脿 am茅liorer la structure du capital de Canter, accro卯tre la liquidit茅 de n茅gociation et renforcer sa position en vue de partenariats 茅ventuels. La consolidation ajustera proportionnellement tous les titres convertibles; les fractions d'actions seront arrondies selon un seuil de 0,5. La soci茅t茅 conservera son nom et ses symboles de cotation, et de nouveaux num茅ros CUSIP et ISIN seront annonc茅s ult茅rieurement.
Canter Resources (OTC:CNRCF), ein in den USA t盲tiges Lithium-Bor-Erkundungsunternehmen, hat Pl盲ne f眉r eine Aktienzusammenlegung im Verh盲ltnis 7:1 seiner Stammaktien angek眉ndigt, vorbehaltlich beh枚rdlicher Genehmigung. Die Zusammenlegung wird die ausstehenden Aktien von 57,198,401 auf etwa 8,171,200 reduzieren.
Mit diesem strategischen Schritt soll Canters Kapitalstruktur verbessert, die Handelsliquidit盲t erh枚ht und die Position f眉r m枚gliche Partnerschaften gest盲rkt werden. Alle wandelbaren Wertpapiere werden proportional angepasst; Bruchteile von Aktien werden nach einer 0,5-Schwelle gerundet. Name und Handelssymbole des Unternehmens bleiben erhalten; neue CUSIP- und ISIN-Nummern werden sp盲ter bekannt gegeben.
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Vancouver, British Columbia--(Newsfile Corp. - August 11, 2025) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") a U.S.-focused lithium-boron exploration company, announces that, subject to regulatory approval, it intends to effect a consolidation of the Company's issued and outstanding common shares (the "Shares") on the basis of seven (7) existing Shares for one (1) new Share (the "Consolidation").
The Consolidation is being undertaken to enhance the Company's capital structure, improve trading liquidity, and better position Canter for strategic partnerships and growth at both the asset and corporate levels.
The Company currently has 57,198,401 Shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 8,171,200 Shares issued and outstanding, subject to rounding.
No fractional Shares will be issued as a result of the Consolidation. Any fractional interest in Shares that is less than 0.5 of a Share resulting from the Consolidation will be rounded down to the nearest whole Share, and any fractional interest in Shares that is equal to or greater than 0.5 of a Share will be rounded up to the nearest whole Share. The exercise or conversion price of, and the number of Shares issuable under, any convertible securities of the Company will be proportionately adjusted upon the completion of the Consolidation.
The Company will obtain new CUSIP and ISIN numbers for the Consolidation. The record date and effective date of the Consolidation, and the new CUSIP and ISIN numbers, will be disclosed in a subsequent news release.
Notwithstanding the foregoing, the board of directors of the Company may, at its discretion, determine to amend the terms or to not to move forward with the Consolidation.
The Company's name and trading symbols will remain unchanged.
Registered shareholders will receive a letter of transmittal with instructions on how to exchange their share certificates. Non-registered shareholders holding shares through a brokerage account will have their positions adjusted automatically.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the technology and domestic clean energy supply chains in North America.
On behalf of the Board of Directors.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
[email protected]
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
[email protected]
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's plans for the Project and the payments related thereto, the issuance of the Consideration Shares and the Company's expected exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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