Sendero Resources to Consolidate Common Shares
SENDERO RESOURCES TO CONSOLIDATE COMMON SHARES
Vancouver, British Columbia – (October 08, 2024) – Sendero Resources Corp. (TSXV: SEND) (the
“Company” or “Sendero”) announces that it intends to consolidate of all of the issued and outstanding
common shares of the Company (the “Shares”) on the basis of one (1) post-consolidated Share for every
ten (10) pre -consolidated Shares held (the “ Consolidation”), subject to approval of the TSX Venture
Exchange (the “Exchange”).
The effective date of the Consolidation will be announced in a separate news release once the Company
receives approval from the Exchange. As a result of the Consolidation, it is expected that the 69,904,420
Shares which are currently issued and outstanding will be reduced to approximately 6,990,442 Shares,
subject to rounding. No fractional Shares will be issued as a result of the Consolidation. Any fractional
share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole Share, and
any fractional share interest of less than 0.5 will be cancelled. The Company's name and stock symbol will
remain unchanged following the Consolidation.
In accordance with the Articles of the Company, the Consolidation may be approved by the board of
directors of the Company and shareholder approval is not required.
Shareholders who hold their Shares through a securities broker or other intermediary and do not have
Shares registered in their name will not be required to take any measures with respect to the
Consolidation. Letters of transmittal with respect to the Con solidation will be mailed to all registered
shareholders of the Company. All registered shareholders who submit a duly completed letter of
transmittal along with their respective share certificate(s) representing the pre-consolidated Shares to the
Company's transfer agent, Odyssey Trust Company, will receive a certificate representing the post -
consolidated Shares.
The Company believes that the Consolidation may have the effect of, among other things: increasing the
interest of the financial community in the Company and potentially broadening its pool of investors;
improving trading liquidity; and improving the Company’s position to obtain financing and pursue new
opportunities.
The Company announced on the 24 th of September the addition of Mr. Manni Buttar to its Board of
Directors. Mr. Buttar is a Chartered Professional Accountant (CPA, CA) with a Masters in Accounting and
Finance from the University of Waterloo, Ontario (Canada). H e currently works at SCP Resource Finance
LP as the Vice-President - Business Development with his primary focus on building and further developing
SCP’s Structured Flow Through Share Program.
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About Sendero Resources Corp.
The Company is focused on copper-gold exploration at its 100% owned Peñas Negras Project in the Vicuña
Belt in Argentina. The Peñas Negras Project has similar geological characteristics to other deposits in the
Vicuña Belt and a cluster of porphyry and epi thermal targets have been identified on the project. The
Company, through its wholly owned subsidiary, Barton SAS, is the holder of ten granted mining
concessions covering 120 km 2 in the province of La Rioja, Argentina. The Company also has an option
agreement to earn 80% interest on eight granted mining concessions covering 91.7 km2 adjacent to the
East of the Peñas Negras Project.
Further Information
For further information, please contact:
Sendero Resources Corp.
Michael Wood, Chairman
Email: [email protected]
Cautionary Statement on Forward-Looking Information
This news release contains statements which constitute “forward-looking information” within the meaning
of applicable securities laws, including statements regarding the plans, intentions, beliefs and current
expectations of the Company with respect to future business activities and plans of the Company. Forward-
looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”,
“plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information
regarding: the expectation that the Company will proceed with the Consolidation; the number of Shares
outstanding following the Consolidation; the effect of the Consolidation on the market for the Shares; the
impact the Consolidation will have on the Company; and the treatment of fractional shares in the
Consolidation.
Such forward- looking statements are based on a number of assumptions of management, including,
without limitation, that the Company will complete the Consolidation; that the Company will receive the
necessary approvals to complete the Consolidation; that the number of Shares outstanding following the
Consolidation will be consistent with the number set out herein; that the Consolidation will impact the
Company as anticipated; and that the treatment of fractional shares will align with management’s current
expectations.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and
other factors which may cause the actual plans, intentions, activities, results, performance or
achievements of the Company to be materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such forward-looking statements. Such risks
include, without limitation: that the Company will be unable to complete the Consolidation; that the
Company will not receive the necessary approvals to complete the Consolidation; that the treatment of
fractional shares will differ for the treatment set out herein; that the Consolidation will not have the desired
impact on the Company; and that the number of issued and outstanding shares following the Consolidation
will differ for the number statement herein. Such forward- looking information represents management's
best judgment based on information currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance
on forward-looking statements or information. Neither the Company nor any of its representatives make
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any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the
information in this news release. Neither the Company nor any of its representatives shall have any liability
whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the
information in this news release by you or any of your representatives or for omissions from the
information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company
has no intention and undertakes no obligation to update or revise any forward- looking statements,
whether as a result of new information, future events or otherwise, except as required by law.
Cautionary Statement
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 release.