Torrent Confirms Effective Date for Share Consolidation
TORRENT CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION
Vancouver, British Columbia (June 24, 2025) - Torrent Gold Inc. (CSE: TGLD) (FSE: RV0) (the
“Company”) announces that effective at the opening of markets on June 25, 2025, the common
shares of the Company (the “ Common Shares”) will commence trading on a post-consolidation
basis, at a ratio of one (1) post-consolidated Common Share for every ten (10) pre-consolidated
Common Shares outstanding (the “Consolidation”), under the existing ticker symbol “TGLD”.
No fractional shares will be issued in connection with the Consolidation. Shareholders who would
otherwise be entitled to receive a fraction of a Common Share will be rounded down to the nearest
whole number of Common Shares and no cash consideration will be paid in respect of fractional
Common Shares. Registered holders of Common Shares will receive a letter of transmittal from
Odyssey Trust Company with instructions on how to exchange existing share certificates for new
post-consolidation share certificates.
The Consolidation is intended to make the capital structure of the Company more attractive to
potential financing opportunities.
The Company currently has 24,825,044 Common Shares outstanding. Following completion of the
Consolidation, it is expected to have approximately 2,482,504 Common Shares outstanding, subject
to fractional rounding. The Company did not change its name in connection with the Consolidation.
About Torrent Gold Inc.
Torrent Gold is a mineral and natural resources exploration company that leverages its years of
combined experience in capital markets, energy development and mining for acquisition and
exploration during resource commodity cycles. Torrent currently holds two early-stage gold
exploration properties in Nevada and one in Utah which were acquired from Liberty Gold.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard Cindric
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Richard Cindric
Torrent Gold Inc.
Suite 250 750 West Pender St.
Vancouver, British Columbia V6C 2T7
Telephone: (604) 719-1796
email: [email protected]
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking statements" or "forward-looking information"
(collectively, "forward-looking statements") within the meaning of applicable securities legislation.
All statements, other than statements of historical fact, are forward-looking statements and are
based on the assumptions, expectations, estimates and projections as of the date of this news
release. Forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those
expressed or implied by forward-looking statements contained herein. 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. Torrent disclaims any obligation to update
any forward-looking statements, whether because of new information, future events or otherwise,
except as may be required by applicable securities laws. Readers should not place undue reliance
on forward-looking statements.