Infinitum Copper Corp. Proposes Share Consolidation

Infinitum Copper Corp. announced its plan to consolidate its common shares on a 2:1 ratio. This decision, passed by the board of directors on March 21, 2024, aims to benefit future financings for the company. Currently, Infinitum has 74,563,040 common shares. Post-consolidation, the total will be reduced to 37,281,520 shares.

The company clarified that no fractional shares would be issued as part of this consolidation. Shareholders entitled to fractional shares will receive rounded down whole common shares, eliminating the fractional shares without any cash compensation. Additionally, the consolidation will proportionately adjust the exercise price and quantity of common shares obtainable via outstanding stock options, warrants, or other convertible securities.

Infinitum does not plan to change its name or trading symbol in connection with this consolidation. The implementation of this share consolidation is contingent on approval from the TSX Venture Exchange. Following this approval, Infinitum will proceed with the necessary filings and will eventually issue a letter of transmittal to its shareholders, detailing the consolidation process and the exchange of share certificates.