BGL to vote on 1 to 10 reverse split on Jan 21st 2016
Post# of 9903
Posted On: 01/14/2016 5:39:10 AM
BGL to vote on 1 to 10 reverse split Jan 21st 2016.
This is from sedar.com, Material Change report, dated Dec 31st 2015.
"Bandera Gold Ltd. (TSXV:BGL) (“Bandera”) announced today that it will be conducting a share consolidation in order to continue to raise equity financing for its exploration programs and general working capital requirements. accordingly, the shareholders of Bandera will be asked at the Annual and Special Meeting on January 21, 2016 to consider and, if thought appropriate,
approve and adopt a special resolution authorizing the board of directors, in its sole discretion, to consolidate the Common Shares of the Corporation on a one for ten basis. The consolidation will have the effect of reducing the 110,252,563 currently issued and outstanding common shares to 11,025,256 issued and outstanding common shares following the consolidation. A special resolution requires approval by a majority of not less than 2/3’s of the votes cast by the shareholders who voted in respect of the resolution. The consolidation is subject to the approval of the TSX Venture Exchange."
I believe they will vote and pass the resolution after which there will be a 1 to 10 reverse split on BGL stock..
This is from sedar.com, Material Change report, dated Dec 31st 2015.
"Bandera Gold Ltd. (TSXV:BGL) (“Bandera”) announced today that it will be conducting a share consolidation in order to continue to raise equity financing for its exploration programs and general working capital requirements. accordingly, the shareholders of Bandera will be asked at the Annual and Special Meeting on January 21, 2016 to consider and, if thought appropriate,
approve and adopt a special resolution authorizing the board of directors, in its sole discretion, to consolidate the Common Shares of the Corporation on a one for ten basis. The consolidation will have the effect of reducing the 110,252,563 currently issued and outstanding common shares to 11,025,256 issued and outstanding common shares following the consolidation. A special resolution requires approval by a majority of not less than 2/3’s of the votes cast by the shareholders who voted in respect of the resolution. The consolidation is subject to the approval of the TSX Venture Exchange."
I believe they will vote and pass the resolution after which there will be a 1 to 10 reverse split on BGL stock..
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