Pathfinder Ventures Announces Effective Date of Share Consolidation

Pathfinder Ventures Inc. has announced the consolidation of its common shares on a four-for-one basis, set to take effect at the close of business on August 1, 2024. Post-Consolidation, no fractional shares will be issued. Shares less than half will be canceled, while those equal to or greater than half will be rounded up.

Post-Consolidation, the company will have approximately 23.4 million common shares outstanding, down from 93.7 million. The consolidation aims to enhance flexibility for financings and business transactions. No changes will be made to the company’s name or trading symbol.

TSX Venture Exchange will confirm that the shares will trade on a post-Consolidation basis on August 2, 2024. New CUSIP/ISIN numbers for the shares are 70323P206 / CA70323P2061. Letters of Transmittal will guide registered shareholders in exchanging existing for new certificates. Uncertificated shareholders will see electronic adjustments.

Pathfinder has also received conditional approval for a non-brokered private placement of up to 10 million post-Consolidation units at $0.10 per unit, pending final approval.