Subject to applicable shareholder and regulatory approval, MacDonald may consolidate its outstanding common shares (the "Common Shares") on the basis of two (old) for one (new) shares, (the "Consolidation"). 302,743,080 Common Shares of MacDonald are currently issued and outstanding. Following the completion of the proposed Consolidation, the number of Common Shares of MacDonald issued and outstanding would be 151,371,540.
It seem that reverse splitting will be an order of the day for many juniors that have a
large float.It is a desparation move on their par as they run out of options.
GLTA,
Fossil