Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Central Iron Ore Limited (CIO) has announced a share consolidation
  • The company consolidated its shares on a three pre-consolidation common shares for one post-consolidation common share basis
  • Shareholders approved the consolidation on Thursday, April 27, 2022
  • The common shares are expected to commence trading on a post-consolidation basis on Monday, July 18, 2022
  • Central Iron Ore Ltd is a junior mineral exploration and development company
  • Central Iron Ore Limited was unchanged at C$0.05 at 1:33 PM ET

Central Iron Ore Limited (CIO) has consolidated its issued and outstanding common shares.

The company consolidated its shares on a three pre-consolidation shares for one post-consolidation share basis.

Shareholders of Central Iron Ore approved the consolidation on Thursday, April 27, 2022.

The common shares are expected to commence trading on a post-consolidation basis on Monday, July 18, 2022.

After the consolidation, the company will have approximately 24,236,913 common shares outstanding.

No fractional common shares have been issued regarding the consolidation, and any fractional common shares that would have otherwise been issued have been rounded down to the nearest whole number.

The change in the number of issued and outstanding common shares resulting from the consolidation will not materially affect any shareholder’s percentage ownership in the company, although such ownership will be represented by a smaller number of Common Shares.

Letters of transmittal with respect to the Consolidation have been mailed out to the Company’s registered shareholders.

Central Iron Ore Ltd is a junior mineral exploration and development company, that engages in the exploration and development of iron ore and gold in Australia.

Central Iron Ore Limited was unchanged at C$0.05 at 1:33 PM ET.

More From The Market Herald

" Independence Gold (TSXV:IGO) announces $1.3 million financing

Independence Gold Corp. (IGO) has proposed equity financing for gross proceeds of up to $1,300,000.

" Golden Sky Minerals (TSXV:AUEN) releases results from Phase 2 program at its Rayfield Property

Golden Sky Minerals (AUEN) announced results from its Phase 2 2022 soil geochemical sampling program.

" Rackla Metals (TSX:RAK) announces $2M non-brokered private placement

Rackla Metals (RAK) announced a non-brokered private placement for proceeds of up to $2.0 million.

" Appia Rare Earths & Uranium (CSE:API) releases assay results from Alces Lake 2022 prospecting program

Appia Rare Earths & Uranium Corp. (API) has released assay results from its Alces Lake 2022 prospecting program.