Nickelex Announces Name Change to Paradigm Gold Corporation and Share Consolidation
Nickelex Announces Name Change to
Paradigm Gold Corporation and Share
Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) -
Nickelex Resource Corporation
(TSXV: NICK) (the "Company")
reports that it will change its name to "Paradigm Gold Corporation"
pursuant to a resolution passed by Directors on March 7, 2025. The Board of Directors has also
approved a capital consolidation of the Company's issued and outstanding common shares on a one
new share for ten old shares basis. On or about April 11, 2025, the Company's shares will commence
trading on a consolidated basis under the new name on the TSX Venture Exchange with a new symbol
"PDQ"
and new CUSIP number 69902F100.
There are currently 90,203,230 common shares issued and outstanding and, upon completion of the
consolidation, there will be approximately 9,020,308 common shares issued and outstanding. The
Company's management believes that the share consolidation will result in greater investor interest,
improved trading liquidity and will facilitate future financing of the Company. The Company will send
shareholders a letter of transmittal when the share consolidation has taken effect instructing
shareholders to surrender the certificates evidencing their pre-consolidation common shares for
replacement certificates representing post-consolidation common shares. The consolidation and name
change are subject to TSX Venture Exchange approval.
On behalf of the Board of Directors,
"Lawrence Page, K.C."
Lawrence Page, K.C., Chairman and Director, Nickelex Resource Corporation
For further information, please contact us at 604.641.2759 or by email at
.
Neither 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
release.
This news release includes certain statements that may be deemed "forward-looking statements". All
statements in this news release, other than statements of historical facts, are forward-looking
statements. Forward-looking statements in this news release include plans to change the Company's
name and to complete the share consolidation and the anticipated effective date thereof. Although the
Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those forward-looking statements. These
statements are based on a number of assumptions including, among other things, assumptions that
TSX Venture Exchange approval will be granted in a timely manner subject only to standard
conditions; that all conditions precedent to the completion of the name change and consolidation will
be satisfied in a timely manner; and the ability of third-party service providers to deliver services in a
timely manner. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the
forward-looking statements. The Company does not assume any obligation to update or revise its
forward-looking statements, whether because of new information, future events or otherwise, except as
required by applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247713