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RUA GOLD ANNOUNCED EFFECTIVE DATE OF CONSOLIDATION – Rua Gold
Rua Gold Inc. (TSXV: RUA) (OTC: NZAUF) (WKN: A4010V) (“RUA GOLD” or the “Company“) announces that the Company will implement the consolidation of its common shares in the capital of the Company (the “Shares”) on the basis of six (6) pre-consolidation Shares for every one (1) post- consolidation Share (the “Consolidation”) effective as of December 6, 2024.
The Company name will remain unchanged after the Consolidation. The new CUSIP number will be 78109M206 and the new ISIN number will be CA78109M206 for the post-Consolidation Shares.
The total issued and outstanding number of Shares post-Consolidation will be approximately 53,659,307, subject to rounding for fractional Shares.
No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the fractional Share will be cancelled if it is less than one-half (1/2) of a Share, and will be changed to one whole Share if that fractional Share is equal to or greater than one-half (1/2) of a Share.
The exercise or conversion price, and the number of Shares issuable under any of the Company’s outstanding convertible securities, if any, will be proportionately adjusted upon the effectiveness of the Consolidation.
Registered shareholders who hold physical Share certificates will receive a letter of transmittal requesting they forward pre-Consolidation Share certificates to the Company’s transfer agent, Computershare Investor Services Inc. in exchange for new Share certificates representing Shares on a post-Consolidation basis. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their own name will not be required to complete a letter of transmittal.
About RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA’s two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with approximately 120,000 hectares of tenements, in a district that historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.
The Company’s Glamorgan Project solidifies RUA GOLD’s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15 million ounces of gold and 60 million
ounces of silver. Glamorgan is within 3 kms of OceanaGold Corporation’s biggest gold mining project, WKP.
For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.
RUA GOLD Contact
Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com Website: www.RUAGOLD.com
Neither TSX Venture Exchange nor its Regulations 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.
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