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Granite Creek to undertake 1-for-3 share consolidation

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Granite Creek to undertake 1-for-3 share consolidation

Granite Creek Gold Ltd. secured board approval to consolidate its shares on a 1-for-3 basis.

The proposed consolidation will facilitate future financings and acquisitions, the company said Oct. 11.

The company's current 8,703,076 shares will reduce to around 2,901,025 shares issued and outstanding following consolidation.