55 North Announces Consolidation of Shares
55 North Mining Inc. Announces Consolidation of Shares
Toronto, Ontario – September 29, 2025 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55
North” or the “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 twelve and one-half (12.5) existing Shares for one (1) new Share (the “Consolidation”).
The Company currently has 306,846,234 Shares issued and outstanding on a pre-consolidation
basis. Following the proposed Consolidation, the Company will have approximately 24,547,698
Shares issued and outstanding, on a post-consolidation basis, subject to rounding.
No fractional Shares will be issued as a result of the Consolidation. Any fractional interest in
Shares resulting from the Consolidation will be rounded up to the nearest whole Share.
The Company’s outstanding incentive stock options and warrants will be adjusted on the same
12.5:1 basis to reflect the Consolidation, with proportionate adjustments made to the exercise
prices.
The record date for the Consolidation (the “Record Date”) will be October 3, 2025, subject to the
approval of the Canadian Securities Exchange (the “CSE”). The Consolidation will be effective on
the Record Date, and the post-Consolidation Shares are expected to begin trading on the CSE
on or around the same date. The Company has obtained a new CUSIP (31680F405) and ISIN
(CA31680F4050) in connection with the Consolidation.
The Company's name and trading symbols will remain unchanged.
Registered shareholders on record as of August 1, 2025, received a letter of transmittal along
with shareholder meeting materials, which were mailed on August 15, 2025. The letter of
transmittal provides shareholder 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 55 North Mining Inc.
55 North Mining Inc. is an exploration and development company advancing its high-grade Last
Hope Gold Project located in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Executive Officer, Director
C: 647-500-4495
or
Mr. Vance Loeber
Corporate Development
C: 778-999-3530
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of 55 North contains statements that constitute “forward-looking statements.”
Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results, performance or ach ievements, or
developments in the industry to differ materially from the anticipated results, performance or
achievements expressed or implied by such forward-looking statements.