Abound Announces 3-For-1 Share Consolidation

Executive Summary

• ABOUND Energy Inc. announced a proposed 3-for-1 consolidation of its issued and outstanding common shares, subject to Canadian Securities Exchange (CSE) approval.
• The corporate action will reduce the total outstanding share count from 52,278,754 to approximately 17,426,251 post-consolidation shares.
• All outstanding options, warrants, and convertible securities will be adjusted proportionally upon the effective date, with underlying quantities reduced and exercise prices increased by a factor of three.

Key Details

• Consolidation Ratio: 3 pre-consolidation common shares for 1 post-consolidation common share.
• Pre-Consolidation Share Count: 52,278,754 common shares.
• Post-Consolidation Share Count: Approximately 17,426,251 common shares (subject to rounding).
• Fractional Share Treatment: Fractional shares less than 1/2 will be cancelled; fractional shares equal to or greater than 1/2 will be rounded up to the nearest whole share. No cash consideration will be paid for fractional shares.
• Derivative Adjustments: All outstanding options, warrants, and other convertible securities will be adjusted proportionally upon the effective date, reducing the number of underlying securities and increasing exercise prices by a factor of three.
• Shareholder Impact: Proportional ownership in the Company will remain unchanged, except for minor adjustments resulting from fractional share rounding.
• Approval & Timeline: Approved by the Company’s directors; pending CSE approval. Additional details regarding the effective date and post-consolidation trading information will be provided upon receipt of all necessary approvals.