Mr. Timothy Ko reports
CLARITY ANNOUNCES NAME CHANGE AND SHARE CONSOLIDATION
Clarity Metals Corp. will consolidate its issued and outstanding common shares at a ratio of one postconsolidation share for three preconsolidation shares. In connection with the consolidation, the company also intends to change its name from Clarity Metals to Critical Copper Mining Corp.
As of the date of hereof, the company has 103,426,077 issued and outstanding shares. Following completion of the consolidation, the company is expected to have approximately 34,475,359 issued and outstanding shares. The shares are expected to commence trading on a postconsolidation basis on the Canadian Securities Exchange under the new name Critical Copper Mining Corp. and the new ticker symbol CCCU, effective Oct. 30, 2026, subject to final CSE approval.
No fractional shares will be issued in connection with the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation shall be rounded up to the nearest whole number. The consolidation will not affect any shareholder's percentage ownership in the company other than by the minimal effect of the aforementioned rounding of fractional shares, even though such ownership will be represented by a smaller number of shares. Instead, the consolidation will reduce proportionately the number of shares held by all shareholders.
A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing preconsolidation shares in exchange for postconsolidation shares issued as a result of the consolidation. Until surrendered, each certificate representing preconsolidation shares will be deemed to represent the number of postconsolidation shares the holder received as a result of the consolidation. Shareholders who hold their shares in brokerage accounts or in book-entry form are not required to take any action as they will have their holdings electronically adjusted by the company's transfer agent or by their brokerage firms, banks, trust or other nominees. In accordance with the company's articles, the consolidation will not require shareholder approval and has been approved by the company's board of directors.
The company's new Cusip number for the postconsolidation shares will be 226924 10 8 and its new ISIN will be CA 226924 10 8 9.
All of the outstanding convertible securities of the company will also be adjusted by the consolidation ratio and the respective exercise prices of those outstanding securities will be adjusted accordingly.
About Clarity Metals Corp.
Clarity Metals is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious and base metals projects. Clarity's exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The company's flagship asset is the Fecteau gold project, covering approximately 5,247.47 hectares in Quebec's Abitibi greenstone belt, situated proximal to Gold Fields' Windfall project (acquired from Osisko Mining Inc.) and Bonterra Resources' projects. The company is based in Vancouver, B.C., and is listed on the CSE under the symbol CMET.
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