Gran Colombia Gold (TSX: T.GCM, Stock Forum) late Friday announced that it has received approval from the Toronto Stock Exchange to consolidate its issued and outstanding common shares on a 1-for-25 basis, this according to a company news release.
Following the consolidation there will be 15,279,936 common shares of Gran Colombia issued and outstanding.
Shares of the Colombian gold and silver producer will begin trading on a post-consolidated basis at the open of trading on June 18, 2013.