Vancouver, British Columbia — March 3, 2026 — Leads & Copy — Glacier Lake Resources Inc. will consolidate its common share capital on a 1 for 2.4 basis and change its name to "Skeleton Coast Uranium Corp.", the company announced today.
Effective at the close of business on March 4, 2026, the consolidation will take place. Trading will commence on a post-Consolidation basis under the new name and ticker symbol "SKEL" and new CUSIP 83058E106, effective at the open of markets on March 5, 2026.
The Company currently has 25,447,554 common shares outstanding. Following completion of the Consolidation, it is expected that the Company will have approximately 10,603,147 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number of common shares, and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the Company will receive a letter of transmittal from Computershare Trust Company of Canada with instructions on how to exchange existing share certificates for new post-Consolidation share certificates.
Dr. Nathan Chutas, PhD, CPG, President and Chief Executive Officer, announced the changes on behalf of the Board of Directors.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements were included in the release relating to the anticipated completion of the Consolidation, Name Change, including without limitation, acceptance of the TSX Venture Exchange, and the results of exploration activities in connection with the foregoing and other factors or information.
The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, including, without limitation, risks that the Consolidation, Name Change will not be completed as planned and the exploration results will not be as anticipated.
The Company does not assume any obligation to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Source: Glacier Lake Resources Inc.
