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Chimata Gold to conduct 1-for-5 share consolidation

Chimata Gold Corp. said May 31 that it will undertake a 1-for-5 share consolidation to better position the company to conduct future financings.

The consolidation will bring down the issued and outstanding 51,649,002 shares to 10,329,800 shares upon completion.

The company will not change its name in connection with the consolidation.