Nexus Uranium Announces Effective Date of Share Consolidation
Nexus Uranium Announces Effective Date of
Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Nexus Uranium Corp. (CSE: NEXU)
(OTCQB: GIDMF) (FSE: 3H1) ("
Nexus
" or the "
Company
") is pleased to announce that, further to its
news release dated October 10, 2025, effective at the opening of trading on October 21, 2025 (the
"
Effective Date
") the common shares of the Company (the "
Shares
") will commence trading on the
Canadian Securities Exchange on a consolidated basis, with one (1) post-consolidation Share
outstanding for every ten (10) pre-consolidation Shares (the "
Consolidation
").
As a result of the Consolidation, on the Effective Date, the number of issued and outstanding Shares will
be reduced from the current 72,963,884 outstanding Shares to approximately 7,296,386 Shares, subject
to rounding. No fractional shares will be issued. The number of post-Consolidation Shares to be issued
to shareholders will be rounded up to the nearest whole number for fractions of 0.5 or greater or rounded
down to the nearest whole number for fractions of less than 0.5, and no cash consideration will be paid in
respect of fractional shares.
The exercise or conversion price and the number of Shares issuable under any of the Company's
outstanding convertible securities will be proportionately adjusted to reflect the Consolidation on the
Effective Date.
Registered shareholders who hold Shares represented by a physical certificate will receive a letter of
transmittal from the transfer agent for the Company, Endeavor Trust Corporation, with instructions on
how to exchange their existing certificates for certificates representing post-Consolidation Shares. No
action is required by registered shareholders who hold their Shares in book-entry (e.g. DRS) form or by
non-registered shareholders (shareholders who hold their Shares through an intermediary) to effect the
Consolidation.
The Company name and trading symbol will remain unchanged after the Consolidation.
The new CUSIP
number will be 65345P200 and the new ISIN number will be CA65345P2008 for the post-Consolidation
Shares.
About Nexus Uranium Corp.
Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and
development in the green energy sector. The Company holds five uranium projects in the United States:
Chord and Wolf Canyon in South Dakota; South Pass and Great Divide Basin in Wyoming; and Wray
Mesa in Utah. These projects have seen extensive historical exploration and are located in prospective
development areas. Nexus also holds the Mann Lake uranium project in the Athabasca Basin of northern
Saskatchewan, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier
Chief Executive Officer
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility
for the adequacy or accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to
the Consolidation and
timing thereof; the number of shares to be issued and outstanding post-Consolidation; the treatment
of fractional shares and convertible securities pursuant to the Consolidation. Generally, forward-
looking information can be identified by the use of forward-looking terminology such as "anticipates",
"anticipated" "expected" "intends" "will" or variations of such words and phrases or statements that
certain actions, events or results "will" occur. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and they are from those
expressed or implied by such forward-looking statements or forward-looking information subject to
known and unknown risks, uncertainties and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of
the Company have attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements and forward-looking information. The Company will not
update any forward-looking statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/270762