CALGARY, Alberta, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) announces, further to its news release of September 5, 2024, that the consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share (a “Post-Consolidation Share”) for every ten currently-outstanding common shares (the “Consolidation”) will have a record date of September 26, 2024.

On a pre-Consolidation basis, the Company has 92,609,126 issued and outstanding common shares and, following the Consolidation, the Company expects to have 9,260,912 Post-Consolidation Shares issued and outstanding. No fractional Post-Consolidation Shares will be issued. If, as a result of the Consolidation, a shareholder would otherwise be entitled to a fraction of a Post-Consolidation Share, each fractional share following conversion that is at least one-half (1/2) of a Post-Consolidation Share will be rounded up to the nearest whole number and each fractional share that is less than one-half (1/2) of a Post-Consolidation Share will be cancelled. No cash consideration will be paid in respect of fractional shares.

The Company’s name and trading symbol will remain unchanged. The CUSIP number for its Post-Consolidation Shares will be 89239Q207 and the ISIN for the Post-Consolidation Shares will be CA89239Q2071.

The Consolidation is being conducted on a "push-out" basis. Shareholders of the Company without physical share certificates do not need to take any action with respect to the Consolidation, as they will automatically receive new DRS advice representing the post-Consolidation Common Shares.

About Traction Uranium Corp.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its two uranium projects in the world-renowned Athabasca Region.

We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com/.

On Behalf of The Board of Directors

Paul Gorman
Chief Executive Officer
(604) 425-2271
info@tractionuranium.com

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date of the Consolidation.