Jaxon Minerals Inc.'s board approved a 1.25-for-1 stock split in a bid to enhance long-term liquidity and increase investor interest.
Jaxon's current 51,054,223 shares issued and outstanding will become 63,817,779 shares following the stock split. Meanwhile, outstanding stock options and warrants will be adjusted on the basis of the same ratio.
Concurrent with the share split, the board approved a name change to Jaxon Mining Inc., according to an Aug. 10 release.
Jaxon is currently focused on advancing its Hazelton and Wishbone/Foremore gold properties in British Columbia.