Westbridge Renewable Energy Announces Share Consolidation
The Company announces that its Board of Directors has approved a consolidation of the Company's common shares (the " Common Shares") on the basis of one (1) post-consolidation Common Share for every four (4) pre-consolidation Common Shares (the " Consolidation"), subject to approval from the TSX Venture Exchange (the " Exchange" or the " TSXV").
The Consolidation is being undertaken in order to position the Company for broader institutional investor participation, enhance trading liquidity, and support its long-term capital markets strategy. The Company currently has 101,149,851 Common Shares issued and outstanding. Following the Consolidation, it is expected that the Company will have approximately 25,287,462 Common Shares issued and outstanding, subject to rounding for fractional shares.
No fractional shares will be issued as a result of the Consolidation. Any fractional interest in Common Shares will be rounded down to the nearest whole number, in accordance with TSXV policies. The Consolidation remains subject to final approval by the Exchange. The Company's name and trading symbol will remain unchanged. The effective date of the Consolidation, along with the new CUSIP and ISIN numbers, will be announced in a subsequent news release once TSXV approval has been obtained.
"This share consolidation is a strategic step that supports Westbridge's broader growth trajectory and enhances our profile in public capital markets," said Stefano Romanin, CEO of Westbridge.
About Westbridge Renewable Energy
Westbridge originates, develops, operates and monetizes best-in-class, utility-scale solar PV projects, stand-alone battery energy storage projects and other clean energy-focused development. The Company has a portfolio of projects in four key jurisdictions: Canada, the U.S., the U.K. and Italy. Westbridge delivers attractive, long-term returns by originating and developing an international portfolio of renewable energy assets to support increasing demand for energy and grid reliability. Management brings a strong track-record with a cumulative 40+ development projects worldwide. As one of very few listed, pure-play international solar and BESS development companies, Westbridge provides investors with access to greenfield solar and energy storage projects at the earliest stage of development, allowing them to benefit from the full development value chain. Westbridge aims to deliver clean, sustainable electricity and energy storage solutions to support increasing electricity demand and grid reliability in the jurisdictions in which it operates.
For more information, please visit: www.westbridge.energy | Twitter | LinkedIn
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.
Forward-Looking Statements
Certain information set forth in this document contains forward-looking information and statements and the timing thereof. Forward-looking information also includes management's assessment of future plans and operations, that the Company will complete the Consolidation; that the Company will receive the necessary approvals to complete the Consolidation; that the number of Shares outstanding following the Consolidation will be consistent with the number set out herein; that the Consolidation will impact the Company as anticipated; and that the treatment of fractional shares will align with management's current expectations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future, including project milestone progress at Fontus, and should not be relied upon for any other purpose. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential", "will", "may", "could", "should", or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them, as actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: the Company's ability to complete licensing and interconnection processes; availability of capital and financing on acceptable terms or at all; risks relating to general business, economic, competitive, regulatory, policy and social uncertainties; changes in laws or market conditions; and the risks identified under the headings "Risk Factors" in the Company's annual financial statements and management's discussion and analysis, and other disclosure documents available on the Company's profile on SEDAR+ at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, except as required by law.
SOURCE Westbridge Renewable Energy Corp.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
27 minutes ago
- Cision Canada
Uranium Royalty Announces Appointment of Chief Financial Officer
VANCOUVER, BC, Aug. 1, 2025 /CNW/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) (" URC" or the " Company") is pleased to announce that Andy Marshall has been appointed Chief Financial Officer of URC, succeeding Josephine Man in such position. Scott Melbye, Chief Executive Officer, stated: " On behalf of the board of directors of the Company and the wider team, I would like to congratulate Josephine on her recent appointment as CFO of Uranium Energy Corp. and sincerely thank her for her seven years of financial leadership, her professional dedication and lasting impact on the early foundational stage of our Company." Mr. Melbye continued:"We welcome Andy to the URC senior leadership team, at an exciting time within the global uranium sector and as we continue to build on our solid foundation. His experience in corporate financial management, strategic planning and project development in the mining and exploration space will be a great fit for our key objectives and continued success." Mr. Marshall is a Chartered Accountant and Chartered Financial Analyst with over 20 years of senior financial leadership experience in the natural resources sector. He brings a strong background in accounting, corporate reporting across Canada and the U.S., financial and risk management, transactional financing, M&A, and strategic support for growth-stage mining companies. His career includes CFO roles at multiple publicly listed resource companies, where he supported project advancement, capital markets initiatives, and cross-border operations. Mr. Marshall began his career with PwC LLP in London before relocating to Vancouver in 2008. He graduated from Newcastle University, England, with a BA(Hons) in Financial Analysis and Accounting. About Uranium Royalty Corp. Uranium Royalty Corp. is the world's only publicly traded uranium-focused royalty and streaming company. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through holdings of physical uranium. The Company is well positioned as a capital provider to an industry needing massive investments in global productive capacity to meet the growing need for uranium as fuel for carbon-free nuclear energy. URC has deep industry knowledge and expertise to identify and evaluate investment opportunities in the uranium industry. The Company's management and the Board include individuals with decades of combined experience in the uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development and uranium sales and trading. SOURCE Uranium Royalty Corp.
Cision Canada
8 hours ago
- Cision Canada
The Shareholders for Accountability of Lincoln Gold Mining Inc. Issue Information Circular for Upcoming Shareholders Meeting - Urge Shareholders to Read and Review the Meeting Materials
VANCOUVER, BC, July 31, 2025 /CNW/ - On July 31, 2025, a group of concerned shareholders of Lincoln Gold Mining Inc. (" LMG" or the " Company") (TSXV: LMG), being Ljubo Mikulic, Betty Mikulic, Kristina Mikulic, Kresimir Francetic, Nediljka Herceg, and Ronald Budisa (collectively, the " Shareholders for Accountability"), filed an information circular, voting instructions form, and a blue proxy in respect of the upcoming annual general meeting of the shareholders of the Company (the " Meeting Materials") to be held on Friday, August 15, 2025. The Shareholders for Accountability are urging shareholders of the Company to read and review the Meeting Materials. For any questions, please reach out to Ljubo Mikulic or Ian Rogers at their contact information provided below. We remain firmly committed to acting in the best interests of all shareholders and stakeholders of LMG, and our priority is to ensure the Company is governed with transparency, regulatory compliance, accountability, and in a way that recognizes the true potential of the Company while creating increased value for all shareholders. All the Meeting Materials are available for review on LMG's SEDAR+ profile at Cautionary Statement Regarding Forward-Looking Information This press release contains forward-looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward-looking and are generally intended to identify forward-looking statements. These statements are based on current expectations of the Shareholders for Accountability and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. The Shareholders for Accountability do not assume any obligation to update any forward-looking statements contained in this press release, except as required by applicable law. For further information, please contact:
Toronto Star
11 hours ago
- Toronto Star
Acceleware Ltd. Announces Closing of First Tranche of Non-Brokered Private Placement
CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. ('Acceleware' or the 'Company') (TSX-V: AXE), a leading innovator of cutting-edge radio frequency ('RF') power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, announces that the Company closed the first tranche of the non-brokered private placement of units (the 'Units') that it previously announced on June 30, 2025 (the 'Private Placement') and distributed a total of 7,913,342 Units, at a price of $0.10 per Unit, for total gross proceeds of $791,334.20. It is anticipated that one or more subsequent tranches of the Private Placement will be closed in due course. Each Unit consists of one common share of the Company (a 'Common Share') and one common share purchase warrant of the Company (a 'Warrant'). Each Warrant entitles the holder of the Warrant to acquire one Common Share, at an exercise price of $0.20, which will expire which will expire 24 months from the date of issuance. If the Common Shares trade at a closing price at or greater than $0.30 per Common Share for a period of thirty (30) consecutive trading days, Acceleware may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case, the Warrants will expire on the 30th day after the date on which such notice is given by Acceleware.
