Robex Resources (TSE:RBX) has released an update.
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Robex Resources Inc. is set to consolidate its common shares on a 10-to-1 basis effective April 1, 2024, reducing their total shares from around 844 million to approximately 84.4 million. The new consolidated shares are anticipated to begin trading on the TSX Venture Exchange shortly after the effective date, and shareholders will be guided through the process via a letter of transmittal. This move aims to streamline the company’s share structure as it continues to grow as a gold production and development enterprise in West Africa.
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