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Equitas Resources to undertake 1-for-10 share consolidation

Equitas Resources Corp. said Dec. 22 that it plans to consolidate its outstanding share capital on the basis of 1 post-consolidation share for every 10 pre-consolidation shares, to reduce the company's outstanding shares to about 22,224,742 common shares from 222,247,424 common shares.

The miner's shares will have new ISIN and CUSIP numbers following the consolidation, which remains subject to the approval by the TSX Venture Exchange. The company's name and trading symbol will remain unchanged.