Kingfisher Metals Corp. Announces Share Consolidation

Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) has revealed plans to undertake a share consolidation, which will see its current shares merged at a ratio of five pre-consolidation shares to one post-consolidation share. This strategic financial adjustment, set to be implemented at the beginning of business on April 8, 2024, is aimed at enhancing the company's market competitiveness and appeal to a broader investor base.

With this consolidation, Kingfisher’s issued share count will decrease from 141,586,151 to approximately 28,317,230 shares. The company will avoid issuing fractional shares by rounding down to the nearest whole number. This change will be accompanied by a new CUSIP number 49571M503 and a new ISIN number CA49571M5037, reflecting the updated share structure.

Kingfisher indicated that shareholder approval is not required for this consolidation, in line with the company’s Articles. Computershare Investor Services Inc., acting as the transfer agent, will guide registered shareholders through the process of exchanging their pre-consolidation share certificates for new ones representing the post-consolidation shares.