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Mexigold to undertake 1-for-2 share consolidation

MexigoldCorp. said July 22 that it plans to undertake a share consolidationon the basis of 1 post-consolidation share for 2 pre-consolidation shares.

The company's current 30,460,319 issued and outstandingcommon shares will be reduced to 15,230,159 shares following consolidation.

In addition, Mexigold is planning to conduct a nonbrokeredprivate placement consisting of up to 7.5 million post-consolidation units at10 Canadian cents apiece to raise C$750,000.