Murchison Minerals Seeks Shareholder Approval for Share Consolidation

Murchison Minerals Ltd. (TSXV:MUR) plans to request shareholder approval for a proposed share consolidation at their upcoming general meeting. Scheduled for April 30, 2025, the meeting will occur at the Ontario Bar Association Conference Centre in Toronto. The proposal suggests a consolidation of up to 20 pre-consolidation shares into one post-consolidation share.

The board believes the consolidation could boost the company's marketability and aid in fundraising for ongoing operations and exploration projects. Currently, there are 298,273,022 outstanding shares. If approved, it could reduce the total to approximately 14,913,651 shares, depending on the consolidation ratio.

The consolidation remains contingent on shareholder approval and TSX Venture Exchange's regulatory endorsement. The company distributed meeting materials to shareholders, available on their website and the SEDAR profile.