Kiplin Metals (TSE:KIP) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kiplin Metals Inc. is set to undergo a share consolidation on a six-for-one basis, aimed at enhancing its capital structure to attract financing opportunities. The consolidation, effective June 7, 2024, will reduce the number of outstanding shares from 80,537,748 to approximately 13,422,958. Shareholders will receive instructions from Odyssey Trust Company on exchanging their share certificates with no fractional shares to be issued.
For further insights into TSE:KIP stock, check out TipRanks’ Stock Analysis page.