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Westminster undertaking 1-for-10 share consolidation

Westminster Resources Ltd.'s board approved a resolution to consolidate the company's share capital on a 1-for-10 basis.

The company's current 44,288,292 issued and outstanding shares will be reduced to about 4,428,829 shares.

The board believes the consolidation will help Westminster complete future financings and advance its projects, the company said April 3.