Overview of Labyrinth Resources' proposed capital consolidation

Labyrinth Resources Limited (ASX: $LRL) is seeking shareholder approval at the upcoming Extraordinary General Meeting of Shareholders ('EGM') on Friday, 13 September 2024, to consolidate the issued capital of the Company. The proposed consolidation involves combining every 10 shares, options, and performance rights into 1, with no material effect on individual shareholders' percentage shareholding interest. Further details can be found in the Company's Notice of EGM lodged with the ASX platform on 14 August 2024.

Executive commentary on proposed capital consolidation

The Company is focused on streamlining its capital structure to enhance operational efficiency and reduce administrative complexities. This proposed consolidation is part of our ongoing efforts to optimize the Company's capital framework and create a more robust foundation for future growth and development.

Summary of Labyrinth Resources' proposed capital consolidation

Labyrinth Resources Limited (ASX: $LRL) has announced its proposal to consolidate the issued capital, seeking shareholder approval at the upcoming EGM. The consolidation, if approved, will combine every 10 shares, options, and performance rights into 1, with no significant impact on individual shareholders' percentage shareholding interest. The Company aims to streamline its capital structure to improve operational efficiency and reduce administrative complexities. This initiative aligns with Labyrinth's strategic goal of optimizing its capital framework to support future growth and development.