New Energy Metals Corp (TSE:ENRG) has released an update.
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New Energy Metals Corp. has announced a share consolidation, with a proposed ratio of 10 pre-consolidated shares for 1 post-consolidated share, pending TSX Venture Exchange approval. The consolidation aims to reduce the total number of outstanding shares from approximately 35.8 million to 3.6 million, with fractional shares being rounded down without cash compensation. Details regarding the record and effective dates, alongside new security identifiers, will be provided in a future news release.
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