Financing News
Northern Lights Announces Share Consolidation
VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company") (CSE:NLR), (OTCQB:NLRCF) is pleased…

VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Northern Lights Resources Corp. (“Northern Lights”, “NLR” or the “Company”) (CSE:NLR), (OTCQB:NLRCF) is pleased to announce that it is proceeding with the consolidation of its common shares on a ten (10) for one (1) basis (the “Consolidation“). The Company’s common shares will commence trading on a post-consolidated basis effective at market opening on May 24, 2022 (the “Effective Date”).
Immediately prior to completion of the Consolidation, the Company has 143,571,385 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 14,357,139 common shares issued and outstanding, subject to the rounding of fractional common shares. The company has been issued with a new Cusip Number (66538D301), there will be no escrow of shares, and the trading symbol will remain unchanged.
No fractional common shares will be issued as a result of the Consolidation. All fractional common shares resulting from the Consolidation will be rounded to the nearest whole number of common shares. The Company’s outstanding incentive stock options and warrants will be adjusted on the same basis (10:1) to reflect the Consolidation in accordance with their respective terms, with proportionate adjustments being made to exercise prices. New warrant certificates reflecting the Consolidation are not required and will not be issued.
Registered shareholders will receive a letter of transmittal from the Company’s transfer agent, Computershare Investor Services Inc., providing instructions on how to exchange their share certificates representing pre-Consolidation common shares for new share certificates or Direct Registration Advice (DRS) representing post-Consolidation common shares to which they are entitled as a result of the Consolidation. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to affect the Consolidation.
For further information on Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: [email protected]
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: [email protected]
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: [email protected]
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
SOURCE: Northern Lights Resources Corp.
View source version on accesswire.com:
https://www.accesswire.com/701656/Northern-Lights-Announces-Share-Consolidation
stock options
tsxv-rslv
reyna-silver-corp
reyna silver corp
cse-nlr
northern-lights-resources-corp
press-release

Honey Badger Silver Announces Management Changes
Toronto, Ontario–(Newsfile Corp. – February 8, 2023) – Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company") is pleased to announce the…
ORBIT GARANT ANNOUNCES APPOINTMENT OF PIERRE ALEXANDRE AS PRESIDENT AND CEO AND THE APPONTMENT OF MARIO JACOB TO ITS BOARD OF DIRECTORS
ORBIT GARANT ANNOUNCES APPOINTMENT OF PIERRE ALEXANDRE AS PRESIDENT AND CEO AND THE APPONTMENT OF MARIO JACOB TO ITS BOARD OF DIRECTORS
Canada NewsWire
VAL-D’OR, QC, Feb. 8, 2023
VAL-D’OR, QC, Feb. 8, 2023 /CNW/ – Orbit Garant Drilling Inc. (TSX: O…
FRONTIER LITHIUM INTERSECTS 398.25M OF PEGMATITE AVERAGING 1.88% Li2O, INCLUDING A 23.4M ZONE OF 3.12% Li2O
FRONTIER LITHIUM INTERSECTS 398.25M OF PEGMATITE AVERAGING 1.88% Li2O, INCLUDING A 23.4M ZONE OF 3.12% Li2O
Canada NewsWire
SUDBURY, ON, Feb. 8, 2023
SUDBURY, ON, Feb. 8, 2023 /CNW/ – Frontier Lithium Inc. (TSXV: FL) (FRA: HL2) (OTCQX: LITOF) (“Fro…
-
Energy & Critical Metals23 hours ago
Aluminum Prices Pause Following Surge
-
Energy & Critical Metals16 hours ago
Newmont’s $24B Grab for Newcrest Highlights the Majors’ Increased Interest in Copper
-
Companies15 hours ago
enCore Energy Closes C$34.5m Public Offering
-
Financing News17 hours ago
Wellfield Closes Acquisition of Tradewind Markets and Private Placement – Creates Transformational Platform for Precious Metals Investors and Producers
-
Base Metals18 hours ago
Fortescue signs mining convention for Gabon iron ore project
-
Uncategorized13 hours ago
Ultra Lithium drills 2.68% Li2O over one metre at Forgan Lake, Ontario
-
Drilling News18 hours ago
Asante Announces Significant Gold Intercepts From Its Ongoing Exploration Program at Aboduabo Prospect
-
Precious Metals10 hours ago
China Continues With Its Gold Buying Spree