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Cobalt Coal Corp. (CVE:CBT) announced that it has deemed a share consolidation is necessary for the company.
Cobalt Coal Corp. (TSXV:CBT) announced that it has deemed a share consolidation is necessary for the company.
The press release is quoted as saying:
The Consolidation Resolution will authorize the Company to amend its articles to effect a consolidation (“Consolidation”) of the common shares on the basis ten (10) common shares into one (1) new common share in the capital of the Company.
To read the full press release, click here.