Elcora Advanced Materials (TSE:ERA) has released an update.
Elcora Advanced Materials Corp., a leader in battery metals exploration, has announced a share consolidation of its common shares, with a 10:1 consolidation ratio pending TSX Venture Exchange approval. The consolidation will significantly reduce the number of issued and outstanding shares from over 170 million to approximately 17 million. This strategic move is aimed at enhancing the company’s appeal to potential financing opportunities without altering its name or trading symbol.
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