FINWIRES · TerminalLIVE
FINWIRES

NurExone Biologic Considering Share Consolidation Ahead of Possible US Listing

By

NurExone Biologic (NRX.V) said Friday after trade it will hold a meeting on Sept. 15 for shareholders to vote on a proposal to consolidate its shares on the basis of up to 30 pre-consolidation shares for one post-consolidation share.

The company is evaluating a possible future listing on a major US stock exchange, and a higher post-consolidation trading price may improve NurExone's marketability, a statement said.

"The Board believes the proposed consolidation is a prudent enabling step in NurExone's broader capital markets strategy," said chair Yoram Drucker. "As the company continues to advance its novel biologic platform and pipeline, shareholder approval of the consolidation would provide the company with additional flexibility as it evaluates potential US capital markets alternatives and continues to pursue the next phase of its growth."

NurExone shares closed down C$0.08, or 11%, to C$0.62 on the TSX Venture Exchange.

Related Articles

Mining & Metals

Firm Capital Apartment REIT Proposing to Change Name to Northvest Financial Trust

Firm Capital Apartment REIT (FCA-UN.V) said Thursday after trade that it intends to change its name to Northvest Financial Trust, to more accurately reflects its current business model.The name change is subject to TSX Venture Exchange approval, the REIT said.Firm Capital said second-quarter adjusted funds from operations was $7,683, compared with $300,732 in the prior year period.

$FCA-UN.V
Mining & Metals

Cematrix Adds C$8.2 Million in New Contracts

Cematrix (CEMX.TO) after trade Thursday said it has won C$8.2 million in new contract awards for its cellular concrete solutions.The projects include tunnel grouting, lightweight fill for a seawall and tank base, and pipeline grouting. Work is expected to be completed in 2026 and 2027, the company said.The new contracts bring the company's year-to-date contract awards to C$34.4 million, according to the statement."We continue to see strong bidding activity and a robust sales pipeline well into the future," the company added.

$CEMX.TO
Mining & Metals

Irruptive Metals to Raise C$30 Million in Private Placement of Units

Irruptive Metals (IRR.V) said Thursday after trade that it is raising C$30 million in a private placement of units.The company will issue 24 million units at C$1.25 apiece. Each unit will consist of one share and one 24-month warrant to buy a share at C$1.65. The underwriters have been granted an option to purchase up to an additional 3.6 million units, which, if fully exercised, would raise C$4.5 million.The offering is expected to close on Sept. 10. Proceeds will be used to develop Irruptive's Pimenton Project in Chile.Irruptive Metals shares closed up C$0.15, to C$1.40, on the Toronto Stock Exchange.

$IRR.V