Refined Metals Corp. (CSE: RMC; OTC: RFMCF; FRA:CWA0) has announced a significant update regarding its share structure. Starting from February 15, 2024, the company will enact a share consolidation. For every two existing shares, shareholders will receive one post-consolidation share. This strategic move will reduce the total number of issued and outstanding common shares from 57,288,955 to 28,644,478.
Details of the Share Consolidation
The consolidation aims to streamline the company’s share structure. No fractional shares will be issued; shareholders entitled to fractions will see them rounded up or cancelled, based on size. The company’s trading symbol and name will not change, ensuring a seamless transition for investors.
About Refined Metals Corp.
Based in Vancouver, Refined Metals Corp. focuses on exploring and developing mineral properties across North America. The company is currently concentrating on the Simard Property in Quebec and the Horizon South Property in Nevada, both promising lithium exploration projects.
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