Critical Reagent Processing Corp. Announces Share Consolidation and Private Placement

Australian Goldfields Ltd ( (TSE:CRPC) ) just unveiled an update.

Critical Reagent Processing Corp., a company listed on the CSE, OTC, and Frankfurt exchanges, has announced a share consolidation plan. The company aims to consolidate its shares on a ten-to-one basis, reducing the number of outstanding shares from 70,323,065 to 7,032,306, pending regulatory approval. Additionally, the company plans a non-brokered private placement to raise up to CAD$150,000, which will be used for project evaluation, acquisitions, and working capital.

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Technical Sentiment Consensus Rating: Sell

Current Market Cap: $243.7K

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