Highlander Silver Announces Effective Date FOR Share Consolidation
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HIGHLANDER SILVER ANNOUNCES EFFECTIVE DATE FOR SHARE
CONSOLIDATION
October 12, 2023 - Vancouver, British Columbia – Highlander Silver Corp. (CSE:HSLV)
(the “ Company” or “Highlander Silver ”) announces that, further to its news release on
October 3, 2023, effective at the opening of trading on October 17, 2023 (the “ Effective
Date”) the common shares of the Company (the “ Shares”) will commence trading on the
Canadian Securities Exchange on a consolidated bas is, with one post-consolidated Share
outstanding for every two pre-consolidation Shares (the “Consolidation”).
As a result of the Consolidation, on the Effective Date, a total of approximately 30,460,433
Shares will be issued and outstanding, subject to adjustments for rounding, with
approximately 1,450,000 Shares reserved for issuance. No fractional shares will be issued.
The number of post-consolidated Shares to be received will be rounded up to the near est
whole number for fractions of 0.5 or greater or rounded down to the nearest whole number
for fractions of less than 0.5.
The exercise or conversion price and the number of Shares issuable under any of the
Company's outstanding convertible instruments will be proportionately adjusted upon the
effectiveness of the Consolidation.
Shareholders of record as of the Effective Date who hold Shares represented by a physical
certificate or DRS statement will receive a letter of transmittal from the transfer agent for the
Company, National Securities Administrators Ltd., with instructions on how to exchange their
existing certificates or DRS statements for certificates or DRS statements representing
Shares on a post-Consolidation basis.
About Highlander Silver
Highlander Silver Corp. is a mineral exploration company focused on the exploration of
silver-polymetallic projects in central Peru, as well as targeting the acquisition of additional
mineral projects by leveraging the team’s significant experience in Peru and South America
more widely. Additional information about Highlander Silver and its mineral projects can be
viewed on the Company’s SEDAR ( www.sedar.com) p rofile at www.sedar.com and its
website at www.highlandersilver.com
Neither the C SE nor the Canadian Investment Regulatory Organization accepts
responsibility for the adequacy or accuracy of this news release.
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For further information, please contact:
David Fincham
Chief Executive Officer
Highlander Silver Corp.
(604) 283 7630
Forward - Looking Information
Certain information contained in this news release constitutes “forward- looking information” under
Canadian securities legislation. This includes, but is not limited to, information or stat ements with
respect to the completion and effective date the Consolidation, the number of post -consolidated
Shares, and the Company’s transfer agent sending a letter of transmittal. Such forward looking
information or statements can be identified by the us e of words such as “anticipates”, “plans”,
“suggests”, “targets” or “prospects” or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-
looking information involves known and unknown risks, uncertainties, and other factors which may
cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be
materially different from any future results, performance, or achievements expressed or implied by
the forward-looking information. Such factors include, among others, general business, economic,
competitive, political and social uncertainties, and delays in obtaining governmental or stock
exchange approvals. Although t he Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those described in forward -looking
information, there may be other factors that could cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained herein are made as of the
date of this news release. There can be no assurance that forward- looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update forward- looking information if
circumstances or management’s estimates or opinions should change, except as required by
applicable se curities laws. Accordingly, the reader is cautioned not to place undue reliance on
forward-looking information.