Pan American Energy Announces Proposed Share Consolidation
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Pan American Energy Corp. has announced a proposed ten-to-one share consolidation, reducing its outstanding shares from 105,979,236 to approximately 10,597,923.
November 07, 2024 | 11:00 pm
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Pan American Energy Corp. plans a ten-to-one share consolidation, reducing its outstanding shares from 105,979,236 to approximately 10,597,923.
The share consolidation will reduce the number of outstanding shares, which can lead to a higher share price per unit but does not inherently change the company's market value. This action is often taken to meet listing requirements or improve the stock's marketability.
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