Westminster Resources Ltd Announces Share Consolidation
Westminster Resources Ltd will be immediately filing for, and seeking approval of, documents relating to the consolidation of the company’s issued and outstanding share capital with the TSX Venture Exchange. The intended consolidation will be on a basis of one postconsolidation common share for every 10 preconsolidation common shares. This consolidation will reduce the issued and outstanding shares of the company from 113,272,926 to 11,327,292 shares, assuming no other change in the issued capital. The company’s outstanding options and warrants will also be adjusted on the same basis (1 for 10) as the common shares, with proportionate adjustments being made to exercise prices.