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Legend Gold to conduct 1-for-10 share consolidation

Legend Gold Corp. said June 1 that its board approved a plan to carry out a 1-for-10 share consolidation, reducing its outstanding 52,263,358 shares to 5,226,336 shares.

The share consolidation will help the company obtain equity financing and increase its flexibility for potential business transactions.

Legend Gold does not intend to change its name in connection with the consolidation.