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Alturas Minerals ( (TSE:ALT) ) has issued an announcement.
Alturas Minerals plans to seek shareholder approval on April 9, 2026 for a share consolidation of up to ten existing shares for one new share, which would reduce its 145.6 million outstanding shares to about 14.6 million while leaving proportional ownership unchanged and adjusting all options and warrants accordingly. The company has also negotiated the settlement of about $496,117 in debt owed to officers, directors and consultants by converting it into roughly 49.6 million pre-consolidation shares, a move that partially restructures its $2.33 million in accrued obligations and may improve its balance sheet and ability to pursue new opportunities, subject to TSX Venture Exchange approval and related-party transaction rules.
More about Alturas Minerals
Alturas Minerals Corp. is a Canadian mineral exploration company that operates through its Peruvian subsidiary Alturas Minerals S.A. and its Chilean unit Alturas Chile Limitada. The company focuses on identifying and advancing mining opportunities in Latin America, positioning itself within the junior resource and exploration segment of the market.
Average Trading Volume: 104,142
Technical Sentiment Signal: Sell
Current Market Cap: C$1.46M
See more insights into ALT stock on TipRanks’ Stock Analysis page.