The Toronto Stock Exchange reports that Akita Drilling Ltd. common shares will begin trading, at the open on July 6, 2026, in substitution for Class A non-voting shares (symbol AKT.A) and Class B common shares (symbol AKT.B) of the company, under the symbol AKT and with Cusip No. 009905 20 9.

According to the TSX, the company amended its articles of incorporation pursuant to Section 173(1) of the Business Corporations Act (Alberta) to, among other things: (i) change each outstanding Class A share into one Class B share; (ii) cancel the Class A shares; and (iii) redesignate the Class B shares as common shares. As a result, Akita Drilling now has one class of outstanding equity securities, being the common shares, which carry one vote per share.

The TSX reports that registered holders of Class A shares must return a letter of transmittal, together with the certificates representing their Class A shares and all other required documents, to Odyssey Trust Company at its principal offices in Toronto, to receive a DRS advice, or a certificate upon request, representing the equivalent number of common shares. Existing share certificates and DRS advices representing Class B shares will continue to be valid and will represent the applicable number of common shares without any further action on the part of Class B shareholders. Class B shareholders are not required to exchange, surrender or otherwise take any action in respect of their share certificates or DRS advices as a result of theshare reorganization.

For more information, see Akita Drilling's management information circular dated May 29, 2026, available on SEDAR+.