The board of directors of Giant Mining Corp. has announced a corporate rebranding and capital structure change that will be effective on April 29, 2026. The company, currently listed as CSE: BFG with over-the-counter quotes OTC: BFGFF and Frankfurt listing FWB: YW5, will adopt the new name Copper One Resources Corp. as part of a strategy to sharpen its profile in the copper sector. This press release was issued from Vancouver on April 24, 2026, following an earlier notice dated April 22, 2026 that first outlined the plan for the Name Change and the related capital adjustment.
The corporate action includes a share consolidation on a ten (10) to one (1) basis, commonly referred to as a share consolidation or reverse split, which reduces the number of outstanding common shares while proportionally increasing the per-share equity. Management expects the reorganized capital structure to result in approximately 23,718,947 common shares outstanding after the consolidation. Although the company name and CUSIP/ISIN identifiers will change, the public trading ticker will remain the same on the Canadian Securities Exchange when trading resumes under the new structure on April 29, 2026.
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Transaction details and market identifiers
As part of the corporate rebranding, the post-consolidation securities will be assigned a new CUSIP number 21751T103 and a new ISIN CA21751T1030. The company anticipates that trading on the CSE will begin under the name Copper One Resources Corp. on April 29, 2026, with the consolidated shares in effect. The prior notice of these changes was circulated on April 22, 2026; the current release confirms the effective date and provides operational details for holders of both physical and electronic holdings. These identifier updates support brokerage and clearing systems to reflect the post-consolidation share records accurately.
What the consolidation means
The Consolidation will convert every ten pre-consolidation common shares into one post-consolidation common share, preserving each shareholder’s proportional ownership and voting rights. The numerical reduction in share count is intended to align the company with market expectations for listed copper exploration companies and to potentially improve trading dynamics. Investors should note that while the share quantity will decrease, the aggregate equity value held by each shareholder should remain the same immediately following the consolidation, subject to normal market fluctuations.
Shareholder instructions and practical steps
Shareholders holding physical certificates will receive a mailed letter of transmittal explaining how to exchange their pre-consolidation certificates for new certificates that reflect the consolidated share holdings. This mailing will outline required documentation and return instructions. Holders whose shares are kept through intermediaries—defined here as non-registered holders who maintain positions via brokers or custodians—and those with positions in the Direct Registration System do not need to take action, as changes will be implemented through their intermediaries or the registry service.
Timing and no-action items
Trading under the new corporate name and with consolidated securities is expected to commence on April 29, 2026. No action is required from investors who maintain electronic accounts at brokerage firms or who hold shares via the Direct Registration System, since brokers and the transfer agent will handle necessary adjustments on behalf of those accounts. Registered shareholders holding paper certificates should follow the instructions in the letter of transmittal to obtain updated documentation reflecting the consolidated share totals.
Company focus, exploration assets and cautionary notes
The company continues to concentrate on identifying and advancing late-stage copper and polymetallic projects that support global electrification and clean-energy infrastructure. Its principal exploration asset remains the Majuba Hill project, situated about 156 miles (251 kilometres) from Reno, Nevada, in an area with accessible infrastructure and mining-friendly policies. Ongoing fieldwork and permitting efforts at Majuba Hill are intended to advance the project’s value proposition within the evolving market for critical minerals.
Regulatory disclaimers and contact information
This announcement includes a series of forward-looking statements about the timing and completion of the Name Change and the Consolidation, exploration plans, and strategic objectives. Such statements are based on management’s expectations and are subject to risks that could cause actual outcomes to differ materially. Readers are referred to the company’s continuous disclosure filings on SEDAR+ for additional risk factors. For further inquiries, contact David C. Greenway, President & CEO, by email at [email protected] or by phone at 1 (236) 788-0643. Additional corporate information is available at www.giantminingcorp.com. Not for distribution in the United States or through U.S. newswire services.
