Vancouver, British Columbia–(Newsfile Corp. – September 2, 2026) – Fjordland Exploration Inc. (TSXV: FEX) (“Fjordland” or the “Company”) wishes to announce that the board of directors has approved a consolidation of the Company’s issued and outstanding common shares on the basis of eight (8) pre-consolidation common shares for one (1) post-consolidation common share (the “Consolidation”).
As of the date hereof, the Company has 82,935,531 common shares issued and outstanding. Following completion of the Consolidation, the Company expects to have approximately 10,366,941 common shares issued and outstanding, subject to rounding. The effective date and record date of the proposed Consolidation will be announced upon final approval from the TSX Venture Exchange (the “TSXV”).
No fractional shares will be issued as a result of the Consolidation. Any fractional shares resulting from the Consolidation will be rounded down to the nearest whole share without compensation. The exercise or conversion price, and the number of Common Shares issuable under any of the Company’s outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation
The Company does not intend to change its name or seek a new stock trading symbol from the Exchange in connection with the Consolidation. The Company’s shares will continue to trade under the symbol “FEX”. The post-Consolidation common shares of the Company will have a new CUSIP and ISIN number. The Company will provide additional information regarding the new CUSIP and ISIN number for the post-consolidation shares once it has been assigned.
The Consolidation remains subject to the approval of the TSX-V.
A letter of transmittal will be sent to the registered shareholders holding physical share certificates providing instructions to surrender such share certificates evidencing their pre‐consolidated common shares for replacement certificates representing the number of post‐consolidated common shares they are entitled to as a result of the Consolidation. Until surrendered, each certificate representing the pre‐consolidated common shares will be deemed to represent the number of post‐consolidated common shares of the Company that the holder thereof is entitled to as a result of the Consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS
“Gord Friesen”
Gord Friesen, CEO
For further information:
Ph: 604-618-7781
www.fjordlandex.com
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking information includes, without limitation, statements regarding the Company’s anticipated financial reporting schedule under the Blanket Order and the Company’s continued eligibility to rely on the Blanket Order. Forward-looking information is based on reasonable assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking information, including the risk that the Company may no longer satisfy the conditions of the Blanket Order or that applicable regulatory requirements may change. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: https://www.newsfilecorp.com/release/312662/Fjordland-Announces-Consolidation
