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CAT.CN ·

Consolidation of Common Shares ON a 10:1 Basis

Corporate Actions

1015 - 789 West Pender Street, Vancouver, BC. V6H 1H2

(604) 674-3145

CAT STRATEGIC METALS CORPORATION

NEWS RELEASE

CONSOLIDATION OF COMMON SHARES ON A 10:1 BASIS

Vancouver, B.C.: June 24, 2020 – CAT Strategic Metals Corporation (CSE- CAT) (“CAT” or the

“Company”) announces its plan to consolidate all of the issued and outstanding common shares of

the Company (the “ Share” or “Shares”) on the basis of one (1) post-consolidation Share for every

ten (10) pre-consolidation Shares (the “Consolidation”).

The Company’s board of directors has set July 8, 2020 as the effective date of the Consolidation.

Trading of the Shares on a post-consolidation basis on the Canadian Stock Exchange (the “CSE”)

will commence on or around July 2, 2020 once all regulatory approval have been obtained.

The Company’s name and trading symbol will remain unchanged. The new CUSIP and ISIN for the

Shares is 14875E201 and CA14875E2015, respectively.

The current 50,922,310 issued and outstanding Shares will be consolidated and reduced to

approximately 5,092,231 Shares on post-consolidation basis. The Consolidation was approved by

the Company’s Board of Directors on June 22, 2020 in accordance with its Articles of Incorporation

as amended.

No fractional Shares will be issued. Where the Consolidation would otherwise result in a shareholder

being entitled to a fractional Share, the number of post-consolidation Shares issued to such holder

of Shares shall be rounded down to the nearest whole number of Shares. In calculating such

fractional interests, all Shares held by a beneficial shareholder shall be aggregated.

A letter of transmittal with respect to the Consolidation will be mailed to registered shareholders of

the Company. All registered shareholders with physical certificates will be required to send their

certificates representing pre-consolidation Shares along with a completed letter of transmittal to the

Company's transfer agent, Odyssey Trust Company (" Odyssey"), in accordance with the

instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be

obtained through Odyssey. All shareholders who submit a duly completed letter of transmittal along

with their pre-consolidation Share certificate(s) to Odyssey will receive a post-Consolidation share

certificate.

Shareholders who hold their Shares through a broker or other intermediary (a securities broker,

dealer, bank or financial institution) and do not have Shares registered in their name will not need to

complete a letter of transmittal. Such non-registered shareholders should be aware that their

intermediary may have different procedures for processing the Consolidation than those put in place

by the Company for registered shareholders. Non-registered shareholders are encouraged to

contact their intermediaries should they have any questions in this regard.

The exercise or conversion price and the number of Shares issuable under any of the Company's

outstanding warrants and stock options will be proportionately adjusted to reflect the Consolidation

in accordance with the respective terms thereof.

1015 - 789 West Pender Street, Vancouver, BC. V6H 1H2

(604) 674-3145

Name of Issuer: CAT Strategic Metals Corporation

Ticker Symbol: CAT

Record Date: July 8, 2020

Trading on a post-consolidated basis: July 10, 2020

Previous / New CUSIP: 16934T / 14875E201

New ISIN: CA14875E2015

ON BEHALF OF THE BOARD

Robert Rosner

Chairman, President & CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by

contacting the Company directly at (604) 674-3145.

This news release may contain forward–looking statements. Forward-looking statements address future

events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ

materially from those currently anticipated in such statements. Particular risks applicable to this press

release include risks associated with planned production, including the ability of the company to achieve its

targeted production outline due to regulatory, technical or economic factors. In addition, there are risks

associated with estimates of resources, and there is no guarantee that a resource will have demonstrated

economic viability as necessary to be classified as a reserve. There is no guarantee that additional

exploration work will result in significant increases to resource estimates

Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies

of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

We seek safe harbour