NV Gold Corporation (TSX-V:NVX, OTC:NVGLF) plans to consolidate all issued and outstanding common shares at a ratio of one post-consolidated share for every 10 pre-consolidated Shares, subject to TSX Venture Exchange approval.
The consolidation aims to reduce the current 88,745,454 shares to approximately 8,874,545, with no fractional shares issued.
The move is expected to attract more investors, enhance trading liquidity, and bolster the company's ability to secure financing and explore new opportunities.
The company's name and stock symbols will remain unchanged post-consolidation.