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Replies to post #112300 on North Bay Resources Inc (NBRI)
fung_derf
03/15/24 2:56 PM
#112305 RE: Jaxxm #112300
Share Consolidation A majority of the shareholders of the Company (80%) have approved a share restructuring involving a consolidation of common shares up to 1 new common share for every 500 existing common shares. The approval provides for management to make the final decision on the ratio based on a number of factors including financing and uplisting to the OTXQB/QX or as appropriate NASDAQ exchanges, and regulatory input. The consolidation as approved does not affect preferred shares or convertible instruments at this time. The share consolidation requires regulatory approval.