Re: AGM, consolidation?On a vote by ballot, a special resolution was overwhelmingly passed whereby the Company's articles may be amended to effect a consolidation of the Company's issued and outstanding common shares on a basis of up to 10 pre-consolidation shares being consolidated into one post-consolidation share. Completion of the share consolidation will depend on certain factors, including whether the board of directors chooses to proceed with a listing on a major US Exchange. The board of directors will have the discretion to proceed or not to proceed with the share consolidation.
English is not my first language. Please help me understand. Is it going to be consolidaton or not if so when?
Thanks
JM