Playfair Mining arranges 1:3 share rollback

Executive Summary

• Playfair Mining Ltd. will consolidate its common shares on a 1‑for‑3 basis, reducing outstanding shares from ~141.35 M to ~47.12 M effective Feb 27, 2026.
• The consolidation coincides with the closing of a private placement expected around March 9, 2026, raising gross proceeds of $2.4 million.
• The private placement offers up to 40,000 post‑consolidation units at C$0.06 per unit, each unit consisting of one common share and one warrant exercisable at C$0.15 for two years.

Key Details

• TSX Venture Exchange approved the consolidation: 1 new share = 3 old shares; new CUSIP 72811X303 and ISIN CA72811X3031.
• Consolidation effective at market open on Feb 27, 2026; company name and ticker remain unchanged.
• Pre‑consolidation outstanding shares: 141,347,160; post‑consolidation outstanding shares: 47,115,720 (no fractional shares).
• Computershare will mail transmittal letters to shareholders with instructions for exchanging share certificates.
• Private placement details:
• Gross proceeds target: $2.4 million.
• Units offered: up to 40,000 post‑consolidation units.
• Price per unit: C$0.06 (post‑consolidation basis).
• Each unit includes one common share and one common share purchase warrant.
• Warrant exercise price: C$0.15 per share, exercisable for two years from issuance.
• Expected closing date of the private placement: on or around March 9, 2026.

Notable Quotes

(No direct quotes provided in the release.)