AUS
NZ
UK
CA
USA
IND
On July 13, 2026, Silver Pony Resources Corp. (CSE: CCC), previously known as Carlyle Commodities Corp., announced the completion of its 20:1 share consolidation and corporate name change effective the same day. Additionally, 21,250,000 units were issued following the conversion of all outstanding subscription receipts. These corporate restructuring steps are part of a larger proposed transaction with Silver Pony Trout Lake Resources Corp. (formerly Silver Pony Resources Corp.), which has received conditional approval from the Canadian Securities Exchange but awaits final regulatory clearance. Trading of the company's shares remains halted pending transaction completion, with plans to resume under the new ticker "PONY" once final CSE approval is granted. Holders of physical share certificates must submit letters of transmittal to Odyssey Trust Company to obtain updated certificates reflecting the post-consolidation share count and new corporate identity.
Key Points
- Silver Pony Resources Corp. (CSE: CCC), formerly Carlyle Commodities Corp., is a British Columbia-based mineral exploration firm focused on gold and base metals projects in central B.C.
- The 20:1 share consolidation and corporate name change to Silver Pony Resources Corp. became effective on July 13, 2026, reducing the issued and outstanding shares from approximately 99,928,150 to about 4,996,407.
- Conversion of all outstanding subscription receipts on July 13, 2026, resulted in issuance of 21,250,000 units, each comprising one post-consolidation common share and one-half of a common share purchase warrant exercisable at $0.30 for 18 months.
- Investors should monitor company disclosures on SEDAR+ and the CSE for updates on final regulatory approval and the anticipated resumption of trading under the ticker "PONY".
Corporate Name Change from Carlyle Commodities to Silver Pony Takes Effect
Silver Pony Resources Corp. confirmed on July 13, 2026, that its corporate name change from Carlyle Commodities Corp. became legally effective that day. This change, initially announced on June 10, 2026, is among several structural steps tied to the company’s broader proposed transaction with Silver Pony Trout Lake Resources Corp., which formerly operated under the Silver Pony Resources Corp. name.
The new corporate name is reflected in updated CUSIP and ISIN identifiers: 82809U104 and CA82809U1049, respectively. Both the share consolidation and name change were completed before the subscription receipt conversion on July 13, 2026. Until the transaction closes, the company remains listed on the CSE under "CCC" and on the Frankfurt Exchange under "BJ4," with plans to trade under "PONY" upon final approval.
20:1 Share Consolidation Significantly Lowers Outstanding Share Count
The consolidation exchanged every twenty pre-consolidation shares for one post-consolidation share. Before consolidation, Silver Pony had 99,928,150 issued and outstanding shares on a non-diluted basis. Post-consolidation, this number decreased to approximately 4,996,407 shares, excluding subscription receipt conversions and pending transaction completion.
No fractional shares were issued; fractional entitlements less than half a share were rounded down, while those equal to or exceeding half a share were rounded up. The company’s authorized share capital remains unchanged, and all convertible securities have been adjusted per their terms.
Subscription Receipt Conversion Yields 21,250,000 New Units
Following conditional CSE approval of the proposed transaction, all outstanding subscription receipts were converted into 21,250,000 units. Each unit consists of one post-consolidation common share and one-half of a common share purchase warrant, creating 21,250,000 new shares and 10,625,000 warrants.
Subscription receipt conversion is a typical Canadian capital markets mechanism where proceeds are escrowed until conditions, such as regulatory approvals, are met. Final CSE approval is still pending, so the escrow release condition for the warrants has not been formally satisfied. Investors should follow ongoing disclosures for updates on escrow release timing.
Warrant Details: $0.30 Exercise Price, 18-Month Term, and Early Expiry Clause
Each whole warrant entitles holders to purchase one post-consolidation common share at $0.30 within 18 months after the escrow release condition is met, subject to adjustments. The warrants are governed by an indenture with Odyssey Trust Company dated July 13, 2026.
An accelerated expiry clause allows Silver Pony to shorten the warrant expiry if the share price closes at or above $0.50 for five consecutive trading days. In such cases, the company may announce accelerated expiry, with warrants expiring 30 calendar days after the announcement. This mechanism encourages warrant exercise during rising share prices, potentially generating additional capital. The immediate market impact is unclear as shares remain halted.
Trading Halt Continues Pending Final CSE Approval of Transaction
Shares remain halted amid the proposed transaction with Silver Pony Trout Lake Resources Corp. While consolidation, name change, and subscription receipt conversion have been completed during the halt, the transaction itself is not closed. The company expects trading to resume under the new name and ticker "PONY" once final CSE approval is obtained.
No definitive timeline for final approval or trading resumption has been provided. Shareholders should note that trading restrictions continue until regulatory milestones are met.
Silver Pony’s Exploration Focus: Quesnel Gold and Nicola East Projects in British Columbia
Silver Pony Resources Corp. focuses on acquiring, exploring, and developing mineral properties. It owns 100% of the Quesnel Gold Project, located about 30 kilometres northeast of Quesnel in the Cariboo Mining Division, a historically significant gold-producing region in central B.C.
The company also holds an option to acquire 100% interest in the Nicola East Mining Project, roughly 25 kilometres east of Merritt, B.C. No updated resource estimates, drilling results, or exploration timelines were disclosed. Investors should consult technical reports and SEDAR+ filings for detailed geological information.
Instructions for Physical Shareholders Post-Consolidation
Shareholders holding physical certificates must submit letters of transmittal along with their pre-consolidation certificates to Odyssey Trust Company, the company’s registrar and transfer agent, following provided instructions.
Upon submission, shareholders will receive updated certificates or Direct Registration System advices reflecting post-consolidation shares under the new company name. Until surrender, pre-consolidation certificates will be deemed to represent the appropriate post-consolidation share amounts. Shareholders holding shares via brokerage or book-entry do not need to submit transmittal letters but should contact their intermediaries for processing procedures.
Background and Conditional Approval of Proposed Transaction with Silver Pony Trout Lake Resources Corp.
The announced corporate actions relate to a broader proposed transaction with Silver Pony Trout Lake Resources Corp., formerly Silver Pony Resources Corp. Details such as consideration, transaction structure, and asset descriptions remain undisclosed. The CSE has granted conditional approval, but final approval is pending.
Earlier disclosures on June 10, 2026, introduced the consolidation and name change. This update confirms effective dates and subscription receipt conversion details. Until final approval and closing, the combined entity’s structure, assets, management, and capital remain subject to change, and completion is not guaranteed.
Updated CUSIP and ISIN Confirm Completion of Consolidation Process
As part of consolidation completion, Silver Pony updated its common share identifiers to CUSIP 82809U104 and ISIN CA82809U1049. These identifiers facilitate broker-dealer systems, clearinghouses, and transfer agents in recognizing the new post-consolidation securities.
Investors holding shares through brokerage accounts should expect updated account statements and trading platform information reflecting the new identifiers and share counts once trading resumes. Any discrepancies should be addressed with brokers or financial intermediaries. Odyssey Trust Company administers the consolidation and provides shareholder support.
Forward-Looking Statements Highlight Risks Around Transaction Completion and Regulatory Approvals
The company’s announcement includes a disclaimer noting risks such as possible delays or failure to complete the proposed transaction, the potential non-receipt of required regulatory approvals including final CSE approval, and uncertainty regarding trading resumption timing.
Assumptions underlying forward-looking statements include obtaining all necessary approvals and completing the transaction as currently anticipated. Actual outcomes may differ materially. The company does not commit to updating forward-looking statements except as required by law and advises investors to exercise caution in relying on such statements.
