Troubadour Resources Announces Share Consolidation

Troubadour Resources Inc. has announced a consolidation of its common shares, which was approved by its board of directors. This decision involves merging every ten pre-consolidation shares into one post-consolidation share. As a result, the common shares will reduce from 70,068,574 to approximately 7,006,857, pending exact adjustments. The plan received shareholder approval during the company's annual meeting on March 11, 2026.

The consolidation awaits final approval from the TSX Venture Exchange. Furthermore, fractional shares will not be issued, and any resulting fractions will be rounded down. Adjustments will also affect the exercise or conversion price of the company's convertible securities. Details about the new CUSIP number will be provided following its assignment.