Crew Gold Corporation: Consolidation of Common Shares on a 20 to 1 Basis

- July 23rd, 2010

Crew Gold Corporation (TSX:CRU) (OSLO:CRU) today announced that the Company intends to file articles of amendment to effect the consolidation of its issued and outstanding common shares on the basis of a ratio of twenty (20) pre‐consolidation shares for every one (1) post‐consolidation share, which is expected to be effective as of July 30, 2010.

Crew Gold Corporation (TSX:CRU) (OSLO:CRU) today announced that the Company intends to file articles of amendment to effect the consolidation of its issued and outstanding common shares on the basis of a ratio of twenty (20) pre?consolidation shares for every one (1) post?consolidation share, which is expected to be effective as of July 30, 2010.

The press release is quoted as saying:

The Company believes that it is in its best interest and in the best interest of its shareholders to effect the share consolidation.

Click here to access the entire press release

Leave a Reply