Marksmen Energy Inc. Announces Completion of Consolidation
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This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentCALGARY, ALBERTA, April 08, 2026 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (the “Corporation” or “Marksmen“) (TSXV: MAH) announces, further to its news release dated January 26, 2026, that the shareholders of the Corporation approved a consolidation (the “Consolidation“) of the Corporation’s common shares (the “Common Shares“) on the basis of one (1) post-consolidation Common Share (“Post-Consolidation Share“) for up to every forty (40) pre-consolidation Common Shares (“Pre-Consolidation Share“), with the final Consolidation ratio to be determined by the board of directors of the Corporation (the “Board“), subject to regulatory approval.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentThe Board has agreed, subject to receipt of the approval of the TSX Venture Exchange (the “Exchange“), to proceed with the Consolidation on the basis of one Post-Consolidation Share for every forty (40) Pre-Consolidation Shares with an effective date of April 13, 2026. The Corporation currently has 211,398,380 Common Shares issued and outstanding. Following completion of the Consolidation, it is expected that the Corporation will have approximately 5,284,960 Post-Consolidation Shares issued and outstanding, which are expected to commence trading on the Exchange on April 13, 2026. The Corporation’s name and trading symbol will not be changed in conjunction with the Consolidation. The new CUSIP number will be 57072P206 and the new ISIN number will be CA57072P2061.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentA letter of transmittal is being sent by mail to registered shareholders containing instructions on how registered shareholders can exchange their share certificate(s) evidencing their Pre-Consolidation Shares for new share certificates or DRS representing the number of Post-Consolidation Shares to which they are entitled. No action is required by registered shareholders who hold shares in book form (DRS) and non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Consolidation.Article contentArticle contentFurther details regarding the Consolidation are described in the Corporation’s management information circular dated January 14, 2026 and its news release dated January 26, 2026 which are available on www.sedarplus.ca.Article contentFor further information, please contact:Article contentMarksmen Energy Inc.Archie Nesbitt – CEO and Director Phone: (403) 265-7270Article contentNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Article contentForward-Looking Information Cautionary StatementArticle contentCertain statements contained in this news release constitute forward-looking information. These statements include obtaining necessary approvals from the Exchange with respect to the Consolidation. The use of any of the words “will”, “expected”, “view” 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 Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this news release is made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Doritos at US$7 a bag ended up costing PepsiCo billions Retail & Marketing Canadian pension plans are so healthy that employers are taking a contribution 'holiday,' says Mercer Retirement Facing the loss of government disability benefits, Ian wonders if CPP, OAS and a small inheritance will be enough Personal Finance BYD to open 20 car dealerships in Canada this year Autos Canada's accountant shortage is starting to add up despite quieter tax season Personal Finance Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Doritos at US$7 a bag ended up costing PepsiCo billions Retail & Marketing Canadian pension plans are so healthy that employers are taking a contribution 'holiday,' says Mercer Retirement Facing the loss of government disability benefits, Ian wonders if CPP, OAS and a small inheritance will be enough Personal Finance BYD to open 20 car dealerships in Canada this year Autos Canada's accountant shortage is starting to add up despite quieter tax season Personal Finance