Spearmint Proposes Share Consolidation

Spearmint Proposes Share Consolidation

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every ten currently outstanding Shares (the "Consolidation"). The Company also announces it intends to change its name and its trading symbol in connection with the proposed Consolidation.

Completion of the Consolidation, name change and symbol change are subject to approval by the Canadian Securities Exchange (the "CSE"). The effective date of the Consolidation, name change and symbol change will be announced in a subsequent news release.

It is anticipated that the Consolidation will reduce the number of outstanding Shares from 287,828,583 Shares to approximately 28,782,858 Post-consolidated Shares, subject to adjustment for rounding. The Board of Directors of the Company believes that the consolidation of the Shares will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan.

No fractional Post-consolidated Shares will be issued as a result of the Consolidation. As required under the Business Corporations Act (BC), any fractional Shares remaining after the Consolidation that are less than one half of a Share will be cancelled and any fractional Shares that are at least one half of a Share will be rounded up to one whole Share.

The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Tel: 1604646-6903
www.spearmintresources.ca

info@spearmintresources.ca

"James Nelson"
President
Spearmint Resources Inc.

Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this press release include that the Company intends to consolidate its share capital. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not obtain approval for the Consolidation from the CSE. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253436

News Provided by Newsfile via QuoteMedia

SPMT:CNX
The Conversation (0)
Spearmint Resources

Spearmint Resources

Exploration Company In Pursuit Of World Class Mineral Deposits

Spearmint Significantly Increases Acreage on the Sisson North Tungsten Project in New Brunswick

Spearmint Significantly Increases Acreage on the Sisson North Tungsten Project in New Brunswick

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has significantly increased the acreage of the 'Sisson North Tungsten Project' in New Brunswick directly bordering the Sisson Tungsten Mine. This new project now... Keep Reading...
RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project

RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has acquired the 'Sisson North Tungsten Project' in New Brunswick directly bordering the Sisson Tungsten Mine. This new project consists of 2,582 contagious acres... Keep Reading...
Spearmint Acquires the Sisson North Tungsten Project

Spearmint Acquires the Sisson North Tungsten Project

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has acquired the 'Sisson North Tungsten Project' in New Brunswick directly bordering the Sisson Tungsten Mine. This new project consists of 2,582 contagious acres... Keep Reading...
RETRANSMISSION: Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada

RETRANSMISSION: Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has more than doubled the acreage on the recently acquired George Lake South Antimony Project in New Brunswick, Canada. This project now consists of 4,722 contiguous... Keep Reading...
Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada

Spearmint More Than Doubles the Acreage of the George Lake South Antimony Project in New Brunswick, Canada

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has more than doubled the acreage on the recently acquired George Lake South Antimony Project in New Brunswick, Canada. This project now consists of 4,722 contiguous... Keep Reading...
Syntheia Announces Closing of the Final Tranche of Private Placement

Syntheia Announces Closing of the Final Tranche of Private Placement

Syntheia Corp. (CSE: SYAI) (Syntheia.ai) (the "Company") is pleased to announce that further to its press releases dated July 23, 2025, September 2, 2025, and September 12, 2025, the Company has closed the final tranche of its non-brokered private placement financing for gross proceeds of... Keep Reading...
Syntheia Closes Call Center Guys Acquisition

Syntheia Closes Call Center Guys Acquisition

Syntheia Corp. (CSE: SYAI) ("Syntheia" or the "Company") (Syntheia.ai), is pleased to announce that, further to its press release of September 25, 2025, it has completed the previously announced acquisition (the "Transaction") of certain assets of Call Centre Guys Inc. ("CCG"). As consideration... Keep Reading...
Shell Contract Consolidates Top Tier Global Energy Position

Shell Contract Consolidates Top Tier Global Energy Position

RemSense Technologies (REM:AU) has announced Shell Contract Consolidates Top Tier Global Energy PositionDownload the PDF here. Keep Reading...
Trading Halt

Trading Halt

RemSense Technologies (REM:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
30 June 2025 Appendix 4E - Preliminary Final Report

30 June 2025 Appendix 4E - Preliminary Final Report

RemSense Technologies (REM:AU) has announced 30 June 2025 Appendix 4E - Preliminary Final ReportDownload the PDF here. Keep Reading...
Mockup of person with brain chip like the one Neuralink is creating.

Can You Invest in Neuralink?

Elon Musk's Neuralink has captured the public’s attention and imagination with its futuristic vision of connecting the human brain to computers.A July 2024 report by IDTechEx projects that the overall brain computer interface (BCI) market could reach a market value of over US$1.6 billion by... Keep Reading...

Latest Press Releases

Related News