Kootenay Zinc to roll back shares 1 for 10 Kootenay Zinc to roll back shares 1 for 10
Kootenay Zinc Corp (C:ZNK)
Shares Issued 22,064,294
Last Close 1/25/2018 $0.07
Thursday January 25 2018 - News Release
Mr. David Schmidt reports
KOOTENAY ANNOUNCES SHARE CONSOLIDATION FOR 1:10
Kootenay Zinc Corp. is planning to consolidate its issued and outstanding share capital on the basis of one postconsolidation share for each 10 preconsolidation common shares. No fractional shares will be issued under the consolidation, and any fraction will be rounded down to the nearest whole number.
As a result, the outstanding common shares of the company will be reduced to approximately 4,864,329 common shares. In connection with the consolidation, the name of the company will not change, and the company's trading symbol will remain as ZNK.
The consolidation is subject to the approval of the Canadian Securities Exchange.