Nevada Exploration Announces Share Consolidation2 min read
VANCOUVER, British Columbia, Feb. 01, 2023 (GLOBE NEWSWIRE) — Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) announces that it intends to complete the share consolidation (the “Consolidation”) of its common shares (“Common Shares”) on the basis of twenty-five (25) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share. The Consolidation was approved by the Company’s shareholders at a meeting duly held on January 24, 2023 and disclosed in the Company’s news release dated January 25, 2023. The proposed Consolidation will change the number of outstanding Common Shares from 169,121,620 to 6,764,865.
The Consolidation is subject to the approval of the TSX Venture Exchange (“Exchange”). The record date for the Consolidation will be set subsequent to receipt of Exchange approval for the Consolidation.
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