Street Calls of the Week
TORONTO - Baselode Energy Corp. (TSXV:FIND) (OTCQB:BSENF), a uranium explorer with a market capitalization of $16.66 million, will change its name to Geiger Energy Corporation and consolidate its shares on a 5-to-1 basis effective October 27, 2025, the company announced Wednesday.
The uranium exploration company’s consolidation will reduce its outstanding common shares from approximately 291.6 million to 52.3 million. The announcement comes as the stock trades near its 52-week low, having declined over 10% in the past week. According to InvestingPro analysis, the company maintains a strong liquidity position with a current ratio of 4.91 and holds more cash than debt. No fractional shares will be issued, with amounts of 0.5 or greater rounded up and less than 0.5 rounded down.
Following the changes, the company will trade under the new ticker symbol "BEEP" on the TSX Venture Exchange. A new CUSIP number of 375130101 will replace the existing one to distinguish between pre- and post-consolidated shares.
Registered shareholders will receive replacement certificates or direct registration advice representing their post-consolidation shares. The exercise price and number of shares issuable under outstanding warrants, stock options and other convertible securities will be proportionately adjusted.
Baselode holds approximately 390,000 hectares for exploration in Saskatchewan’s Athabasca Basin and 95,519 hectares in Nunavut’s Thelon Basin. Its flagship asset is the Aberdeen Project in Nunavut, which hosts the Tatiggaq and Qavvik uranium discoveries.
The company also owns the ACKIO uranium prospect in the Athabasca Basin, discovered in September 2021, which measures over 375 meters along strike and 150 meters wide.
The information in this article is based on a company press release statement. InvestingPro analysis suggests potential upside for the stock, with 8 additional key insights available to subscribers, including detailed financial health metrics and growth indicators.
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