VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCGB: RFLXF) (FRANKFURT: HF2) (the “Company” or “Reflex”) is pleased to announce, further to its press release dated October 1, 2025, that the effective date of the consolidation of the Company's common shares (the “Common Shares” Shares) is expected to have a basis equal to one (1) Common Share post-consolidation for every ten (10) shares of pre-consolidation Common Stock (the “Consolidation”) is expected to become effective for trading purposes on October 15, 2025. The Company also announces the resignation of Mr. Alex Pleson as a director of the Company and the appointment of Mr. Eli Dusenbury as a director of the Company.
10:1 Consolidation
The common shares will continue to trade on the Canadian Securities Exchange following consolidation under the name “Reflex Advanced Materials Corp.” and the trading symbol “RFLX”, the OTCQB under the symbol “RFLXF” and on the Frankfurt Stock Exchange under the symbol “HF2”. The new CUSIP and ISIN of the Common Shares will be 75865D206 and CA75865D2068, respectively.
No fractional shares of Common Stock will be issued as a result of the Consolidation. Any fractional shares of Common Stock equal to or greater than one-half received as a result of the Consolidation will be rounded up to the nearest whole Common Share and any fractional shares of less than one-half received as a result of the Consolidation will be rounded up to the nearest whole Common Share. Pro rata adjustments will be made to the outstanding stock options and warrants to purchase shares of the Company. Shareholder approval of the Consolidation is not required under either CSE policy or the Company's articles of association.
Resignation and appointment of directors
Mr. Alex Pleson has resigned as a director of the company. The Company thanks Mr. Pleson for his contributions and wishes him success in his future endeavors. The Board of Directors of the Company has appointed Mr. Eli Dusenbury as a director of the Company to fill the vacancy created by the resignation of Mr. Pleson.
ON BEHALF OF THE BOARD OF DIRECTORS
DJ Bowen
Interim CEO and Director
Reflex Advanced Materials Corporation
Suite 915 – 700 West Pender Street
Vancouver, British Columbia V6C 1G8 Canada
Tel: (778) 837-7191
E-mail: [email protected]
About Reflex Advanced Materials Corp.
Reflex Advanced Materials Corp. is a mineral exploration company based in British Columbia. Its objective is to locate and, if warranted, develop economically viable mineral resources in the areas of strategic metals and advanced materials. The project's goal is to improve the efficiency of the country's mining infrastructure to meet growing national demand from North American producers.
For further information, please review the Company's documents available at www.sedarplus.ca and visit the Company's website at: www.reflexmaterials.com.
Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. All statements regarding activities, events or developments that the Company expects or expects to occur or may occur in the future are forward-looking statements, including statements regarding: the Consolidation, including the expected timing of the Consolidation and the expected impact of the Consolidation on the outstanding share capital of the Company; and the Company's business prospects, future trends, plans and strategies. In some cases, forward-looking statements are preceded by, followed by or include words such as “may,” “will,” “will,” “may,” “should,” “believe,” “estimate,” “projects,” “potential,” “expects,” “plans,” “expects,” “continues” or the negative of these words or other similar or comparable words. In preparing the forward-looking statements in this press release, the Company has applied several significant assumptions, including, but not limited to, the availability of capital and changes in general economic, market and business conditions and the timely receipt of all necessary regulatory and other approvals. These forward-looking statements are based on the reasonable assumptions and estimates of the Company's management at the time they were made. Actual future results may differ materially because forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this press release are based on what management of the Company believes or believed at the time to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements as there may be other factors that may cause results not to be as expected, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The Company undertakes no obligation to update forward-looking statements, opinions, forecasts or other factors.
