Pathfinder Ventures Announces Effective Date of Share Consolidation

Pathfinder Ventures Inc. (TSXV:RV) has announced a share consolidation, effective August 1, 2024, converting four pre-consolidation shares into one post-consolidation share. No fractional shares will be issued; shares will be rounded up or down as appropriate. The consolidation aims to enhance flexibility in financing and business transactions.

Post-consolidation, the company's outstanding shares will be approximately 23,420,494, down from the current 93,681,976, subject to rounding adjustments. The company’s name and trading symbol will remain unchanged, and shares will trade on a post-consolidation basis starting August 2, 2024, with a new CUSIP/ISIN number of 70323P206 / CA70323P2061.

Registered shareholders will receive Letters of Transmittal for exchanging their share certificates. Uncertificated shareholders will have their holdings adjusted electronically. The company is also moving forward with a non-brokered private placement of up to 10,000,000 post-consolidation units at $0.10 per unit, pending final approval from the TSX Venture Exchange.