NexMetals Announces Effective Date of Share Consolidation
NexMetals Announces Effective Date of Share
Consolidation
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) -
NexMetals Mining Corp. (TSXV: NEXM) (OTC
Pink: PRMLF)
(formerly Premium Resources Ltd.) ("
NEXM
" or the "
Company
") announces that the
Company will consolidate its common shares on the basis of twenty (20) pre-consolidated shares for
every one (1) post-consolidation share (the "
Consolidation
"). The Consolidation is subject to final
approval of the TSX Venture Exchange (the "
TSXV
") and is expected to take effect at market open on
June 20, 2025 (the "
Effective Date
").
In connection with the Company's proposed listing on the Nasdaq Stock Market LLC ("
Nasdaq
"), the
Company is undertaking the Consolidation in order to satisfy Nasdaq's initial listing requirements, which
include a minimum bid price of US$4.00 per share.
Following the Consolidation, the Company will have approximately 21,449,317 common shares issued
and outstanding. Any fractional post-Consolidation share that is less than one-half (1/2) of a share will be
cancelled and any fractional post-Consolidation share that is at least or greater than one-half (1/2) of a
share will be rounded up to one whole share.
The Company's name and trading symbol will remain
unchanged. However, the CUSIP number for the post-Consolidation common shares will be 65346E204
and the new ISIN will be CA65346E2042.
Registered shareholders of record as of the Effective Date who hold physical share certificates will
receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc.,
with instructions on how to exchange their existing share certificates for new share certificates
representing post-Consolidation shares.
Shareholders whose shares are represented by a direct
registration system statement will automatically receive their post-Consolidation shares without any
further action. Beneficial shareholders who hold their shares through a broker or other intermediary and
do not have shares registered in their own names will not be required to complete a letter of transmittal,
but are encouraged to contact their intermediaries if they have any questions.
About NexMetals Mining Corp.
NexMetals Mining Corp. is a mineral exploration and development company that is focused on the
redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the
Company in the Republic of Botswana.
NexMetals is committed to governance through transparent accountability and open communication
within our team and our stakeholders. NexMetals' team brings extensive experience across the full
spectrum of mine discovery and development. Collectively, the team has contributed to dozens of
projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have
on average, more than 20 years of experience spanning geology, engineering, operations, and project
development.
For further information about NexMetals Mining Corp., please contact:
Morgan Lekstrom
CEO and Director
Jaclyn Ruptash
V.P., Communications and Investor Relations
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Cautionary Note Regarding Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release. No stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein.
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation based on expectations, estimates and projections as at the date of this news
release. Forward-looking information involves risks, uncertainties and other factors that could cause
actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. For the purposes of this release, forward-
looking information includes, but is not limited to, the timing of the effectiveness of the Consolidation
and the Company's application to list on the Nasdaq. These forward-looking statements, by their
nature, require the Company to make certain assumptions and necessarily involve known and
unknown risks and uncertainties that could cause actual results to differ materially from those
expressed or implied in these forward-looking statements. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to: the possibility
that the Company's common shares will not begin trading on a consolidated basis on the timing
anticipated; delays in obtaining or failures to obtain required governmental or stock exchange
approvals, including the approval of the Nasdaq in respect of the Company's listing application;
changes in equity markets; and those risks set out in the Company's public disclosure record on
SEDAR+ (
www.sedarplus.ca
) under NEXM's issuer profile. Although the Company believes that the
assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the
date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other
than as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/255944