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Bravo Gold Corp.(TSXV:BVG) announced the approval of a proposed share consolidation of the issued common shares of the Company. The announcement was made at the Company’s annual general meeting on March 22, 2012.
Bravo also reported reinstating six members to its board.
The Company are planning an aggressive exploration and development program on its Homestake Ridge and Kinskuch properties this year.
Bravo Gold Corp.(TSXV:BVG) announced the approval of a proposed share consolidation of the issued common shares of the Company. The announcement was made at the Company’s annual general meeting on March 22, 2012. Bravo also reported reinstating six members to its board.
The Company is planning an aggressive exploration and development program on its Homestake Ridge and Kinskuch properties this year.
As quoted in the text:
The principal reasons for the Share Consolidation include management’s belief that the Company will benefit from: greater investor interest; improved trading liquidity; and an ability to raise additional capital at a higher price per share. The change in the number of issued and outstanding Common Shares that will result from the Share Consolidation will cause no change in the capital attributable to the Common Shares and will not materially affect any shareholder’s percentage ownership in the Company, even though such ownership will be represented by a smaller number of Common Shares.
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