Peninsula Energy (ASX:PEN) has completed the 40 for 1 share consolidation of its listed ordinary shares on the Australian Securities Exchange ahead of a listing on the NYSE MKT later this year.
On 24th September, shareholders approved the consolidation during the extraordinary general meeting. The company now has 173,422,794 ordinary shares.
Last trade was $1.00, under code ASX:PENDA.
Peninsula is planning to list its shares and options on the NYSE MKT, a market designed to support younger, high-growth companies at around the time of first uranium production in Wyoming.
In September, the company cleared a key regulatory milestone to enable commencement of production at the Lance Projects in Wyoming after the U.S. Environmental Protection Agency approved an aquifer exemption surrounding the deep disposal well at the Ross Permit Area.
First uranium production is expected to begin in October with Stage 1 output expected to be circa 700,000 pounds per annum.
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