Canter Resources Announces Share Consolidation
Canter Resources Announces Share
Consolidation
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
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/262049