Pacific Ridge Announces Effective Date of Share Consolidation
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Pacific Ridge Exploration Ltd. has announced the effective date for its share consolidation, which will take place on January 23, 2025. The consolidation will be on a 1-for-10 basis, affecting its common shares.
January 21, 2025 | 12:15 pm
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Pacific Ridge Exploration Ltd. is consolidating its shares on a 1-for-10 basis, effective January 23, 2025. This move will reduce the number of outstanding shares, potentially impacting stock liquidity and price.
The share consolidation will reduce the number of outstanding shares, which can lead to changes in stock price and liquidity. However, the fundamental value of the company remains unchanged, making the short-term impact on stock price uncertain.
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