Prosperity Exploration Corp ( (TSE:URM) ) just unveiled an update.
First American Uranium Inc. plans to consolidate its common shares on a 1-for-3 basis, reducing the number of shares from 34,341,552 to approximately 11,447,184, subject to rounding. This consolidation, which does not require shareholder approval but is subject to Canadian Securities Exchange approval, aims to streamline the company’s share structure without altering its name or stock symbol. The adjustment will also apply to outstanding stock options and warrants, potentially impacting stakeholders by affecting share value and market perception.
More about Prosperity Exploration Corp
First American Uranium Inc. is involved in mineral exploration and the acquisition of mineral property assets in North America, focusing on locating and developing economic precious and base metal properties. The company conducts exploration programs on the Silver Lake and Red Basin properties in British Columbia.
Average Trading Volume: 31,133
Technical Sentiment Consensus Rating: Buy
See more insights into URM stock on TipRanks’ Stock Analysis page.