Compass  Gold Corp (TSXV:CVB) was advised to consolidate its common shares in order to obtain a listing on the Australian Securities Exchange.

As quoted in the press release:

The consolidation would be done to enable Compass to satisfy certain of the ASX’s listing requirements. Compass announced its intention to pursue a listing of its securities on ASX in a news release issued August 24, 2012.

Click here to view the full press release.