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Other

Western Gold Announces Effective Date for Consolidation

By The Northwire Desk — AI Analysis Oct 31, 2025 · 07:56 WGLD · 0.08 Western Gold Exploration Ltd.
WGLD · Price

Executive Summary

  • Western Gold Exploration Ltd. will implement a 3.85‑to‑1 share consolidation effective November 4, 2025, reducing the number of outstanding common shares to approximately 22.17 million.
  • The TSX Venture Exchange has approved the consolidation; the company’s ticker (“WGLD”) and exchange listing remain unchanged.
  • Post‑consolidation, fractional shares will not be issued; rounding rules are disclosed, and convertible securities will be proportionally adjusted.

Key Details

  • Consolidation Ratio: 3.85 pre‑consolidation common shares for each 1 post‑consolidation share.
  • Effective Date & Trading: Consolidation effective Tuesday, November 4, 2025; trading on a post‑consolidation basis begins at market open that day.
  • Share Count After Consolidation: Approximately 22,168,612 common shares outstanding (prior to rounding).
  • Fractional Share Treatment: No fractional shares will be issued. Rounding up occurs if the fractional entitlement is ≥ 0.5 share; rounding down if < 0.5 share, with a maximum of one round‑up per shareholder.
  • CUSIP & ISIN Updates: New CUSIP 95827R200 and ISIN CA95827R2000 will be assigned post‑consolidation.
  • Shareholder Communication: Registered shareholders will receive a transmittal letter from Alliance Trust Company to exchange certificates/DRS statements; the letter will also be posted on SEDAR+. Intermediary‑held shares may follow different procedures.
  • Convertible Securities Adjustment: Exercise or conversion prices and the number of common shares issuable under any convertible securities will be proportionally adjusted following the consolidation.
  • Ticker Symbol: Remains “WGLD” on the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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