Kiplin Metals (TSE:KIP) has released an update.
Kiplin Metals Inc. is set to undergo a share consolidation on a six-for-one basis, aimed at enhancing its capital structure to attract financing opportunities. The consolidation, effective June 7, 2024, will reduce the number of outstanding shares from 80,537,748 to approximately 13,422,958. Shareholders will receive instructions from Odyssey Trust Company on exchanging their share certificates with no fractional shares to be issued.
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