trending Market Intelligence /marketintelligence/en/news-insights/trending/jnFch6l6g6Iw-5uMJaB9uw2 content esgSubNav
In This List

Canex Energy to undertake 1-for-5 share consolidation

Blog

Gold Market Outlook

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices


Canex Energy to undertake 1-for-5 share consolidation

Canex Energy Corp. on Jan. 26 said its board approved a proposed share consolidation on a 1-for-5 basis.

The consolidation will reduce the company's 10,906,080 shares outstanding to about 2,181,216 shares, and it remains subject to shareholder and TSX Venture Exchange approval.

The company will seek shareholders' approval in a March 22 annual and special meeting.