Portofino Resources Announces 1-for-10 Share Consolidation Reducing Shares to 10 Million

Portofino Resources Inc. has announced its decision to implement a share consolidation, according to an official statement released on April 7, 2026. The company confirmed that it will consolidate its issued and outstanding common shares on the basis of one post-consolidation share for every ten pre-consolidation shares. This move aims to adjust the company’s capital structure by reducing the total number of shares currently in circulation.

Following the consolidation, Portofino’s issued and outstanding common shares will decrease from approximately 100 million to around 10 million. The company stated that no fractional shares will be issued as part of this process; instead, any fractional entitlements will be rounded down to the nearest whole number. Shareholders are not required to take any immediate action as their existing share certificates remain valid until replaced by new ones reflecting the adjusted structure. Portofino also noted that this change does not affect shareholders’ proportional ownership in the company or their voting rights.

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Date: April 7, 2026

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GOAI