Nouveau Monde Graphite Shareholders Approve 10 To 1 Reverse Split

Nouveau Monde Graphite (TSXV: NOU) this morning announced that it has been granted shareholder approval for a share consolidation. The consolidation is being sought as the company looks to pursue a listing on a US stock exchange.

Having received shareholder approval from 98.43% of shareholders, the company will now be implementing a one for ten share consolidation, or reverse split as its more commonly known among retail investors. The consolidation is to take effect today, with shares to begin trading on a post-consolidation basis March 31, 2021.

The reverse split will effectively see the currently outstanding 370,558,932 common shares reduced down to 37,055,893.

Nouveau Monde Graphite last traded at $2.06 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

Nouveau Monde, Lithion Recycling Partner To Upcycle Graphite As Anode Material For Batteries

Nouveau Monde Graphite Inc. (TSXV: NOU) announced this morning that they have entered into a...

Thursday, June 10, 2021, 10:54:00 AM

Gratomic Intersects 11.16 Metres Of 13.13% Total Graphitic Carbon At Brazil Project

Data on the first eight holes of an ongoing drill program being conducted by Gratomic...

Monday, May 2, 2022, 08:58:41 AM

Graphite Is Critical For EV Expansion – The Daily Dive feat Paul Gill

For our final episode of The Daily Dive for the trading week, host Cassandra Leah...

Thursday, April 1, 2021, 01:30:00 PM

Nouveau Monde Jumps 25% After Entering Offtake Agreements With General Motors, Panasonic

Nouveau Monde Graphite (TSXV: NOU) is a major mover today, jumping 25% to $3.49 off...

Thursday, February 15, 2024, 12:56:45 PM

Quebec Critical Mineral Explorers Get Boost From Tax Credits

FULL DISCLOSURE: This is sponsored content for Power Nickel. The recent Canadian federal government budget introduced...

Monday, May 22, 2023, 01:33:00 PM