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Western Gold Exploration Ltd. ( (TSE:WGLD) ) has shared an announcement.
Western Gold Exploration Ltd. has announced a consolidation of its share capital, converting 3.85 pre-consolidation common shares into one post-consolidation share. This move, approved by the board and shareholders, awaits TSX Venture Exchange approval and will reduce the company’s outstanding shares from approximately 85.3 million to 22.2 million. The consolidation aims to streamline the company’s share structure, potentially enhancing its market positioning and attractiveness to investors.
More about Western Gold Exploration Ltd.
Western Gold Exploration Ltd. is a mineral exploration company listed on the TSX Venture Exchange under the symbol ‘WGLD’. The company focuses on exploring gold and critical metal deposits in Scotland, particularly in the underexplored Caledonian Appalachian terrane. Its principal focus is the Lorne Project, which includes the Lagalochan copper gold porphyry property and adjacent properties along the Lorne Fault Zone.
Average Trading Volume: 14,869
Technical Sentiment Signal: Buy
Current Market Cap: C$6.57M
For a thorough assessment of WGLD stock, go to TipRanks’ Stock Analysis page.