Kincora Copper Ltd. (CVE:KCC) is planning a consolidation of its common shares on the basis of one post-consolidation share for 10 pre-consolidation shares, the company announced on Friday.
The news follows shareholder approvals at the company’s annual general meeting on July 12.
A total of 314,124,452 shares are issued and outstanding. If the consolidation is put into effect, a total of 31,412,445 shares would be issued and outstanding, assuming there are no other changes in the issued capital of the company.