St. James Gold Corp. (CSE: LORD) has announced that the Canadian Securities Exchange has accepted a consolidation of its common shares on a five-for-one basis, reducing the company's share count from approximately 39.5 million to roughly 7.9 million. The consolidation takes effect on November 9, 2026, with post-consolidation trading expected to begin at market open on that date. The company's name and trading symbol will remain unchanged. Investors holding shares through brokers or intermediaries are not required to take any action.

Key Points

  • St. James Gold Corp. (CSE: LORD | OTCQB: LRDJF | FSE: BVU3)
  • The CSE has accepted a five-for-one share consolidation, reducing issued shares from 39,535,628 to approximately 7,907,126
  • Consolidation effective date is November 9, 2026; new CUSIP 790014708 and ISIN CA7900147082 assigned
  • Investors may watch how post-consolidation trading volume and share price respond from November 9 onwards

Share Count Reduction and Consolidation Mechanics for LORD Shareholders

Under the consolidation, every five pre-consolidation common shares will be exchanged for one post-consolidation common share. St. James Gold currently has 39,535,628 common shares issued and outstanding; following the consolidation, that figure will fall to approximately 7,907,126 shares. No fractional shares will be issued — fractions below one-half will be rounded down, while fractions of one-half or more will be rounded up to the nearest whole share. No cash consideration will be paid in lieu of fractional shares, the announcement states.

Adjustments to Outstanding Stock Options and Warrants

The consolidation will also affect St. James Gold's outstanding stock options and warrants. The release states that both the exercise or conversion price and the number of common shares issuable under these instruments will be adjusted proportionately in accordance with their respective terms. This is a standard procedural outcome of share consolidations and is intended to maintain economic equivalence for holders of these securities. The company did not disclose the total number of options or warrants currently outstanding in this announcement.

Share Certificate Exchange Process for Registered LORD Shareholders

Registered shareholders will receive a letter of transmittal from Endeavor Trust Corporation, the company's transfer agent, containing instructions for exchanging existing share certificates for post-consolidation share certificates or Direct Registration System advices. Shareholders who hold their shares through a broker or other intermediary do not need to take any action, as the consolidation will be processed automatically through the intermediary. The company's new CUSIP number is 790014708 and the new ISIN is CA7900147082, effective as of the November 9, 2026 effective date.

St. James Gold's Newfoundland Exploration Portfolio Remains Intact

St. James Gold holds a 100-per-cent interest in 29 claims covering 1,791 acres in the Gander gold district of north-central Newfoundland, adjacent to New Found Gold Corp.'s Queensway North project. The company also holds a 100-per-cent stake in 9 claims and an option to acquire a further 100-per-cent interest in 19 claims, covering a total of 1,730 acres in central Newfoundland. The immediate share price impact of the consolidation announcement was not clear from available public information.