- Blue Thunder Mining (BLUE) has announced details of its proposed share consolidation
- The company proposes to consolidate all of the issued and outstanding common shares of the company on the basis of 1 new common share for every 4.7 old common shares
- The name of the company will remain unchanged after the consolidation
- Blue Thunder Mining Inc. is a gold exploration company that controls 100 per cent of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec, with significant historical production and major recent discoveries
- Blue Thunder Mining Inc. (BLUE) is down 33.333 per cent, trading at $0.01 at 12:44 PM ET
Blue Thunder Mining (BLUE) has announced details of its proposed share consolidation.
The company is proposing to consolidate all of the issued and outstanding common shares of the company on the basis of 1 new common share for every 4.7 old common shares.
This is subject to the approval of shareholders at the meeting of shareholders scheduled to hold on December 16, 2022, as well as the TSXV approval.
Blue Thunder currently has 173,879,487 common shares issued and outstanding in the share capital of the corporation. After consolidation, the company shall have approximately 36,995,636 common shares issued and outstanding.
The purpose of the consolidation is to adjust the number of outstanding common shares to levels that are better aligned with Blue Thunder’s valuation and scope, with the potential to provide additional trading liquidity to investors.
The consolidation will not materially affect the percentage ownership a shareholder has in the company nor impacts the respective voting rights and privileges.
It simply increases a shareholder’s per-share value proportionately through a reduction in the number of issued and outstanding shares.
The name of the company will remain unchanged after the consolidation.
Blue Thunder Mining Inc. is a gold exploration company that controls 100 per cent of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec, with significant historical production and major recent discoveries.
Blue Thunder Mining Inc. is down 33.333 per cent, trading at $0.01 at 12:44 PM ET.