Traction Uranium announces share consolidation

CALGARY, Alberta, Sept. 23, 2024 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (this “Business” Or “Traction”) announces, further to its press release dated September 5, 2024, that the consolidation of issued and outstanding common shares on a per-consolidation common share basis (the “Share after consolidation”) for every ten shares of common stock currently outstanding (“Consolidation”) will have a record date of September 26, 2024.

Before the consolidation, the Company has 92,609,126 issued and outstanding common shares and after the consolidation, the Company expects to have 9,260,912 issued and outstanding common shares. No fractional shares will be issued after the consolidation. If, as a result of the consolidation, a shareholder would be entitled to a fractional share after the consolidation, each fractional share after conversion that is at least one-half (1/2) of the post-consolidation shares will be rounded up to the nearest whole number and each fractional share that is less than one-half (1/2) of the post-consolidation shares will be canceled. No cash consideration will be paid with respect to fractional shares.

The company’s name and trading symbol will remain unchanged. The CUSIP for its post-consolidation shares will be 89239Q207 and the ISIN for its post-consolidation shares will be CA89239Q2071.

The Consolidation is being effected on a “push-out” basis. Shareholders of the Company without physical share certificates are not required to take any action in connection with the Consolidation as they will automatically receive new DRS advice on their common shares following the Consolidation.

About Traction Uranium Corp.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) engages in the exploration and development of mineral deposits in Canada, including two uranium projects in the world-famous Athabasca region.

We invite you to learn more about our exploration activities in Western Canada at

On behalf of the Management Board

Paul Gorman
General Director
(604) 425-2271
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Forecast statements

Certain statements in this press release constitute forward-looking information. These statements relate to future events or future results. The use of any of the words “could,” “intends,” “expect,” “believe,” “will,” “anticipated,” “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the date of determination of the Consolidation’s rights.

Various assumptions and factors are typically used in drawing conclusions or making forecasts and projections contained in forward-looking information, including, with respect to the forward-looking information contained in this press release, the assumption that the Consolidation will be completed as currently expected and within the time frame currently anticipated.

Although forward-looking information is based on reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, that the Consolidation may not be completed by the Company on the expected date or at all; and that the Company’s board of directors retains discretion as to the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Given the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The above statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved the contents of this press release.