- OceanaGold Corporation (OCANF, Financial) to execute a 3-to-1 share consolidation effective June 23, 2025.
- The consolidation aims to meet minimum trading price requirements for a proposed dual listing on a major U.S. exchange, anticipated by the first half of 2026.
- Outstanding shares will decrease from 693,379,818 to approximately 231,126,566 post-consolidation.
OceanaGold Corporation (OCANF) has announced the effective date for a 3-to-1 share consolidation, set for June 23, 2025. This strategic initiative follows shareholder approval granted on June 4, 2025, and will reduce the company's outstanding shares from 693,379,818 to approximately 231,126,566.
The consolidation is a tactical move designed to increase the per-share trading price, thereby satisfying the minimum requirements for a planned dual listing on a major U.S. exchange, potentially the New York Stock Exchange (NYSE), in the first half of 2026. The company anticipates that a U.S. listing will enhance investor interest and trading liquidity.
Post-consolidation, OceanaGold's shares will continue to trade on the Toronto Stock Exchange under the current symbol "OGC" with a new CUSIP number 675222400. Performance rights and deferred share units will be adjusted in proportion to the consolidation ratio, with fractional shares of 0.50 or more rounded up, and those less than 0.50 canceled.
Registered shareholders holding shares through the Direct Registration System will receive a DRS advice from Computershare, while those with shares held through intermediaries such as brokers should contact them for specific processing details.
