Golden Spike Resources Corp. to Change Name and Consolidate Shares
What happened
Golden Spike Resources Corp. announced it will change its name to Gordon Mining Group Inc. The company will also consolidate its common shares on a basis of one post-consolidation share for every five pre-consolidation shares. The new shares are expected to trade on the Canadian Securities Exchange under the ticker symbol GORD starting September 30, 2026.
From finanznachrichten.de
Why it matters
The corporate action involves a significant reduction in the number of issued and outstanding shares, moving from 60,566,666 shares to approximately 12,113,333 shares. The change also requires adjusting the exercise price and number of shares issuable under existing stock options and warrants.
From finanznachrichten.de
Who's involved
- board of directorsThe board of directors initiated the corporate action.
- companyThe legal entity undergoing the name change and share consolidation.
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The entities involved
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board of directors
group of people who jointly supervise the activities of an organization
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