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An announcement from Tesoro Minerals ( (TSE:TES) ) is now available.
Tesoro Minerals Corp. has announced a proposed consolidation of its common shares at a ratio of one post-consolidation share for every four pre-consolidation shares. This move, subject to shareholder and TSX Venture Exchange approval, aims to improve the company’s capital structure and facilitate future financing opportunities. The consolidation will reduce the number of common shares from approximately 131.6 million to 32.9 million, with adjustments made to stock options and warrants. The company believes this will better position it to attract long-term investment and support new transaction acquisitions.
More about Tesoro Minerals
Tesoro Minerals Corp. is a company focused on the exploration sector, with a team of experienced geoscientists aiming to acquire further assets in the Americas.
Average Trading Volume: 71,993
Technical Sentiment Signal: Sell
Current Market Cap: C$3.29M
Find detailed analytics on TES stock on TipRanks’ Stock Analysis page.