Mr. Sam Walding reports
INFINICO METALS CORP. ANNOUNCES EFFECTIVE DATE FOR 15-FOR-1 COMMON SHARE CONSOLIDATION
Infinico Metals Corp. shareholders approved a consolidation of its outstanding common shares on the basis of one postconsolidation share for 15 preconsolidation shares at the company's annual general and special meeting held on Feb. 12, 2026. The purpose of the consolidation is in order to facilitate future financing and business development activities. The company intends to proceed with the consolidation effective as of Feb. 25, 2026, with a record date of Feb. 24, 2026.
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 proposed 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. Outstanding securities convertible or exercisable into common shares will also be adjusted by the consolidation ratio and the exercise price of such securities will be adjusted accordingly.
As of the date hereof and prior to giving effect to the proposed consolidation, the company has 84,523,240 preconsolidation shares issued and outstanding. Following the consolidation, the company will have approximately 5,634,882 postconsolidation shares issued and outstanding. Each fractional share remaining after consolidation that is less than one-half of one share shall be cancelled and each fractional share that is at least one-half of one share shall be rounded up to one whole share.
Completion of the consolidation is subject to the receipt of all necessary regulatory approvals, including the approval of company's shareholders and approval of the TSX Venture Exchange. The company will not be changing its name or stock symbol in connection with the consolidation.
About Infinico Metals Corp.
Infinico Metals is a public company on the TSX Venture Exchange, focusing on the early-stage exploration and strategic resource growth in Canada.
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