on Tactical Resources Corp. (CVE:RARE)
Tactical Resources Corp. Announces Share Consolidation
Tactical Resources Corp., a mineral exploration company, has announced a share consolidation effective December 5, 2025. This action is part of their business combination with Plum Acquisition Corp. III, aiming to meet Nasdaq listing standards.
The consolidation will occur on a 5-to-1 basis, with approval from the TSX Venture Exchange. Despite initial plans for a 25-to-1 consolidation, the board decided that 5-to-1 was adequate based on current trading prices.
Post-consolidation, shareholders will retain their proportional ownership in the newly formed entity, New PubCo. Around 7,345,379 shares will be issued after adjusting for fractional shares, which will be rounded accordingly.
No changes will occur to the company name or trading symbol, but new CUSIP and ISIN numbers have been assigned. Completion of the business combination is subject to shareholder, court, and stock exchange approvals.
R. H.
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