Montero Mining and Exploration ( (TSE:MON) ) just unveiled an announcement.
Montero Mining and Exploration Ltd. announced the approval of a share consolidation by the TSX Venture Exchange, which will see the company’s common shares consolidated on a six-to-one basis. This consolidation will reduce the number of shares from 50,122,975 to 8,353,833 and will commence trading on a post-consolidation basis on May 5, 2025. The consolidation is expected to affect all shareholders uniformly without altering their relative interest in the company’s equity, except for adjustments related to fractional shares. This move is part of Montero’s strategic efforts to streamline its share structure and potentially enhance its market positioning.
More about Montero Mining and Exploration
Montero Mining and Exploration Ltd. is a company engaged in the mining and exploration industry, focusing on precious metals and copper projects. The company has successfully settled a dispute with Tanzania over the Wigu Hill rare earth element project and holds the Avispa copper-molybdenum project in northern Chile. Montero is listed on the TSX Venture Exchange under the trading symbol MON.
YTD Price Performance: 5.00%
Average Trading Volume: 204,586
Technical Sentiment Signal: Sell
Current Market Cap: C$15.79M
See more data about MON stock on TipRanks’ Stock Analysis page.