Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower... see more

TSXV:SML - Post Discussion

Southstone Minerals Ltd > Tango to roll back shares one for 10
View:
Post by MiningMasterAu on Oct 21, 2019 6:12pm

Tango to roll back shares one for 10

Tango to roll back shares one for 10

2019-10-21 15:39 MT - News Release

Mr. Samer Khalaf reports

TANGO ANNOUNCES SHARE CONSOLIDATION CONCURRENT WITH CHANGE OF NAME

Further to the news release dated July 30, 2019, wherein Tango Mining Ltd. announced a proposed change of name to Southstone Minerals Ltd., subject to the approval of the TSX Venture Exchange, Tango Mining is proposing to concurrently consolidate its common shares on the basis of one postconsolidation common share for every 10 preconsolidation common shares. Currently, a total of 232,602,139 common shares are issued and outstanding, which will be consolidated into 23,260,213 common shares, assuming no other change in the issued capital. Share percentage holdings will remain unchanged, and Tango's outstanding options and warrants will be adjusted to reflect the share consolidation. The share consolidation is subject to the approval of the TSX Venture Exchange.

Tango's board of directors has carefully considered this consolidation of the common shares and believes that, if approved and implemented, Tango would benefit from enhanced trading liquidity and a greater ability to raise additional capital to finance its operations.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

Comment by Pacmann on Oct 21, 2019 7:37pm
not surprised about consolidation. Hopefully this will peak investors interest. But if it does not than it can go bad. I don't like consolidation to be honest
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities