Waraba Gold Limited Announces Intention to Complete Consolidation

Executive Summary

• The Board approved a 1‑for‑18 reverse split of Waraba Gold’s common shares, effective October 3, 2025.
• Post‑consolidation share count will be reduced from ~168.4 million to ~9.36 million; CUSIP and ISIN will change accordingly.
• All outstanding convertible securities will be proportionally adjusted; no action required by shareholders to receive post‑split shares.

Key Details

• Consolidation Ratio: 1 post‑consolidated Common Share for every 18 pre‑consolidated Common Shares.
• Effective Date: October 3, 2025 (subject to CSE confirmation).
• Share Count Reduction: From 168,403,338 pre‑consolidation shares to approximately 9,355,741 post‑consolidation shares.
• Fractional Share Treatment: Fractions ≥ ½ will be rounded up; fractions < ½ will be cancelled.
• CUSIP/ISIN Changes: New CUSIP 93401G203 and ISIN CA93401G2036 after consolidation.
• Adjustments to Convertible Securities: Exercise/conversion prices and share numbers of all outstanding convertible securities will be proportionally adjusted.
• Shareholder Communication: Letter of transmittal will be sent by National Securities Administrators Ltd.; instructions available via the Company’s SEDAR+ profile.
• No Action Required for Beneficial Holders: Shares held through intermediaries will be automatically processed; holders should contact their brokers for questions.

Notable Quotes

• “The consolidation aligns our capital structure and enhances shareholder value,” – Carl Esprey, CEO & Director.