Bullboard - Stock Discussion Forum Northern Lion Gold Corp V.NL

Alternate Symbol(s): NLGCF

Metals & Mining Gold

Northern Lion Gold Corp. is a Canadian mineral exploration company. The Company is focused on the acquisition and exploration of gold-bearing mineral resource properties in Canada. The Company holds a 100% interest in certain mineral claims located in Kamloops, British Columbia (the Riverside Property). The Riverside Property consists of three non-surveyed contiguous mineral claims totaling 491... see more

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TSXV:NL - Post Discussion

Northern Lion Gold Corp > Northern Lion considers 1:8 share rollback

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Post by MiningMasterAu on Oct 17, 2019 7:19pm

Northern Lion considers 1:8 share rollback

2019-10-17 16:17 MT - News Release

Mr. Luke Norman reports

NORTHERN LION CONTEMPLATES SHARE CONSOLIDATION

Northern Lion Gold Corp. is contemplating a consolidation of its issued and outstanding common shares on a one-for-up-to-eight basis, every eight shares before the consolidation being consolidated into one share after consolidation. The directors of the company believe that the consolidation will assist the company in raising capital and identifying potential acquisitions and/or growth opportunities.

There are currently 8,662,600 common shares of the company outstanding. Assuming a 1:8 consolidation, the company will have approximately 1,082,825 shares outstanding immediately following the consolidation.

The consolidation will be subject to the acceptance of the TSX Venture Exchange and the company anticipates issuing a follow-up news release setting out the definitive consolidation ratio in due course. The company has not yet determined if it will be changing its name in conjunction with the consolidation.

We seek Safe Harbor.

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