01:03 PM EST, 11/10/2025 (MT Newswires) -- New Earth Resources ( OBRUF ) on Monday said it completed a two-for one split of the company's Class A shares.

The company said it now has 18.5-million shares outstanding after completing the split.

"The number and exercise price of outstanding stock options, warrants and other convertible securities, if any, of the company have been similarly adjusted in accordance with the split ratio," said the company.

The company said shareholders do not need to take any action with respect to the split. It added that, as per CSE policies, the split was completed on a "push-out" basis, and that the company's CUSIP number remains the same.

"The company's transfer agent, Endeavor Trust Corporation, will send holders of shares as of the record date for the split a DRS advice letter in lieu of a share certificate, which will represent the additional shares resulting from the split," added the company.

Shares of the company were last seen up $0.10 to $0.50 on the Canadian Securities Exchange.

Price: 0.52, Change: +0.12, Percent Change: +30.00