Gold Finder Explorations Ltd. intends to consolidate its shares on the basis of 1 post-consolidated common share for each 5 shares held.

Following consolidation, the company will have 2,519,797 common shares on issue, the company said Dec. 14.

The consolidation is subject to regulatory approval.

In July, Gold Finder decided to transfer to the NEX board of the TSX Venture Exchange after the company failed to maintain the requirements for a Tier 2 company on the TSX-V.