/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
KELOWNA,
BC, Dec. 18, 2023 /CNW/ - Enduro
Metals Corporation (TSXV: ENDR) (OTC: SIOCF) (FSE: SOG-FF)
("Enduro" or the "Company") is pleased to provide an
update on the previously announced consolidation of its Common
Shares (the "Consolidation").
Subject to regulatory approval, including the approval of the
TSX Venture Exchange, effective on or about December 22, 2023, Enduro will complete a
consolidation of its Common Shares on the basis of one (1)
post-Consolidation Common Share for each ten (10) pre-Consolidation
Common Shares. Where the exchange results in a fractional share,
the number of Common Shares will be rounded up to the next greater
whole number of Common Shares if the fractional entitlement is
equal to or greater than 0.5 and shall, without any additional
compensation, be rounded down to the next lesser whole number of
Common Shares if the fractional entitlement is less than 0.5 and,
in calculating such fractional interests, all Common Shares
registered in the name of and held by such shareholder shall be
aggregated. A new CUSIP number of 29279W300 replaces the old CUSIP
number of 29279W201 to distinguish between the pre- and post-
Consolidated Common Shares. The Company's name and trading symbol
will remain unchanged.
Commencing at the opening of trading on or about December 22, 2023 the Common Shares will trade on
a post-Consolidation basis on the TSX Venture Exchange. Following
the Consolidation, there are expected to be 24,099,494
post-Consolidation shares outstanding.
About Enduro Metals
Enduro Metals is an exploration company focused on it's flagship
Newmont Lake Project; a total 688km2 property located between
Eskay Creek, Snip, and Galore Creek
within the heart of northwestern British
Columbia's Golden Triangle. Building on prior results, the
Company's geological team have outlined 4 deposit environments of
interest across the Newmont Lake Project including high-grade
epithermal/skarn gold along the McLymont Fault, copper-gold alkalic
porphyry mineralization at Burgundy & 72 Zones, encouraging
porphyry-style alteration typical of alkalic copper-gold porphyry
systems at North Toe, and a large 9km x 4km geochemical anomaly
hosting various gold, silver, copper, zinc, nickel, cobalt, and
lead mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"Cole Evans"
Chief Executive Officer
As a continued effort to keep investors, interested parties and
stakeholders updated, we have several communication initiatives. If
you have any questions online (Twitter, Facebook, LinkedIn, or
Instagram) feel free to send direct messages or a post and include
the hashtag #askENDR.
Forward-Looking Statements
This news release contains statements that constitute
"forward-looking statements". Such forward looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Enduro's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur.
Although Enduro believes the forward-looking information
contained in this news release is reasonable based on information
available on the date hereof, by their nature forward-looking
statements involve assumptions, known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
The forward-looking information contained in this news release
represents the expectations of the Company as of the date of this
news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the Company may elect to, it does not undertake
to update this information at any particular time except as
required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Enduro Metals Corporation