Lexston Mining Corporation (LEXTD: OTCQB) | Share Consolidation Completed
Lexston Mining Corporation has announced the completion of its share consolidation:
- The company has consolidated its common shares using a ratio of ten pre-consolidated shares for one post-consolidated share.
- This consolidation reduced the number of issued and outstanding common shares from 49,126,000 to 4,912,600.
- Fractional shares were handled as follows: less than 1/2 of a share was cancelled, while 1/2 or more was rounded up to one whole share.
- The company’s shares now have a new CUSIP (52978C 201) and ISIN (CA52978C2013).
- The trading symbol for the company’s common shares remains unchanged.
- Shareholders will be issued new DRS (Direct Registration System) statements for their consolidated common shares.
This share consolidation is likely aimed at improving the company’s capital structure and potentially enhancing its appeal to investors.
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