(Globe Newswire) Vancouver — New Leaf Ventures Inc. announces that the company’s board of directors has determined to consolidate the company’s issued share capital on a ratio of one new post-consolidated common share for every five old pre-consolidated common shares.
The company currently has 62,770,115 issued and outstanding common shares and on completion of the consolidation there is expected to be 12,554,023 issued and outstanding common shares.
The company’s name and trading symbol will remain the same. Shareholder approval of the consolidation is neither required under the policies of the Canadian Securities Exchange (CSE) nor under the articles of the company.
The board of directors determined the consolidation is necessary in order for the company to raise additional capital and seek new business opportunities.
The consolidation is subject to CSE review and approval.
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