Xander Resources (TSE:XND) has released an update.
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Xander Resources Inc. is planning to propose a share consolidation at its upcoming annual general and special meeting, which could see its common shares combined at a ratio of up to ten to one. The consolidation will reduce the total number of shares, potentially from over 13 million to approximately 1.3 million, subject to shareholder and regulatory approval. The Canadian mineral exploration company is currently focusing on gold and battery metal properties in Ontario and Quebec.
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