- Core Assets Corp. is set to undergo a 10:1 share consolidation and a name change to Core Silver Corp. effective June 4, 2025.
- The company's outstanding shares will reduce from 127,105,689 to 12,710,565, with trading symbol "CC" remaining unchanged.
- Odyssey Trust Company will facilitate the administrative transition, mailing instructions to shareholders for exchanging share certificates.
Core Assets Corp. (CCOOF, Financial) has announced a significant structural change, confirming a 10:1 share consolidation along with a company name change to Core Silver Corp. This move is scheduled to take effect on June 4, 2025, on the Canadian Securities Exchange.
Post-consolidation, the number of outstanding shares will drastically reduce from 127,105,689 to 12,710,565. Despite these changes, the company will retain its current trading symbol "CC". New CUSIP and ISIN numbers have been assigned as part of the transition.
Odyssey Trust Company will manage the administrative aspects of this shift, sending out Letters of Transmittal to existing shareholders. These letters will provide detailed instructions for exchanging old share certificates for new ones reflecting the post-consolidation structure.
Core Assets Corp. is focused on the exploration and development of mineral projects in British Columbia, Canada, including the Blue Property located in the Atlin Mining District. This strategic consolidation and rebranding aim to align the company's identity closer to its core business in silver assets and potentially improve market perception and liquidity.
