Enduro Metals Provides Update on Share Consolidation
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Enduro Metals Provides Update on Share Consolidation
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
December 18, 2023, Kelowna, British Columbia – Enduro Metals Corporation (TSXV: ENDR OTC: SIOCF FSE:
SOG-FF) (“Enduro” or the “ Company”) is pleased to provide an update on the previously announced
consolidation of its Common Shares (the “Consolidation”).
Subject to regulatory approval, including the approval of the TSX Venture Exchange, effective on or about
December 22, 2023, Enduro will complete a consolidation of its Common Shares on the basis of one (1)
post-Consolidation Common Share for each ten (10) pre-Consolidation Common Shares. Where the
exchange results in a fractional share, the number of Common Shares will be rounded up to the next
greater whole number of Common Shares if the fractional entitlement is equal to or greater than 0.5 and
shall, w ithout any additional compensation, be rounded down to the next lesser whole number of
Common Shares if the fractional entitlement is less than 0.5 and, in calculating such fractional interests,
all Common Shares registered in the name of and held by such shareholder shall be aggregated. A new
CUSIP number of 29279W300 replaces the old CUSIP number of 29279W201 to distinguish between the
pre- and post - Consolidated Common Shares . The Company's name and trading symbol will remain
unchanged.
Commencing at the opening of trading on or about December 22, 2023 the Common Shares will trade on
a post-Consolidation basis on the TSX Venture Exchange. Following the Consolidation, there are expected
to be 24,099,494 post-Consolidation shares outstanding.
About Enduro Metals
Enduro Metals is an exploration company focused on it's flagsh ip Newmont Lake Project; a total 688km2
property located between Eskay Creek, Snip, and Galore Creek within the heart of northwestern British
Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined 4
deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn
gold along the McLymont Fault, copper -gold alkalic porphyry mineralization at Burgundy & 72 Zones,
encouraging porphyry-style alteration typical of alkalic copper-gold porphyry systems at North Toe, and a
large 9km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead
mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
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ENDURO METALS CORPORATION
“Cole Evans”
Chief Executive Officer
For further information please contact:
Ali Wasiliew - Manager of Communications
Tel: + (236) 420-4050
Email: [email protected]
Email: [email protected] https://www.endurometals.com
As a continued effort to keep investors, interested parties and stakeholders updated, we have several
communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram)
feel free to send direct messages or a post and include the hashtag #askENDR.
Forward-Looking Statements
This news release contains statements that constitute "forward -looking statements". Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Enduro’s actual results, performance or achievements, or developments in the industry to differ
materially from the anticipated results, performance or achievements expressed or implied by such
forward-looking statements. Forward looking statements are statements that are not historical facts and
are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will,"
"would," "may," "could" or "should" occur.
Although Enduro believes the forward -looking information contained in this news release is reasonable
based on information available on the date hereof, by their nature forward -looking statements involve
assumptions, known and unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements.
The forward -looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such date. Readers
should not place undue importance on forward -looking information and should not rely upon this
information as of any other date. While the Company may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.