Lodestar Metals (LSTR-V) Sept 8, '25 Strategic Share Consolidation 2:1, $500k Private Placement and Strengthened Leadership Team money.tmx.com
Share Consolidation
The Company also announces that it plans to consolidate its issued and outstanding common shares at a ratio of two (2) pre-consolidated shares to one (1) post-consolidation share (the "Consolidation"). The purpose of the Consolidation is to improve the capital structure and generate greater investor interest.
The Company currently has 47,336,500 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have 23,668,250 common shares issued and outstanding.
As advised above, the Company is undertaking a private placement of up to 6,666,666 Post-Consolidation units at a price of C$0.075 per Post-Consolidation Unit for gross proceeds of up to C$500,000.
In accordance with the Company's Articles, the Consolidation will not require the approval of the shareholders. The Company will not be changing its name in connection with the Consolidation. The Consolidation is subject to the acceptance of the TSX Venture Exchange. |
