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American Lithium plans share split

The split will have the effect of doubling the number of shares each shareholder owns but at the same time the share price will halve to leave the value of the shareholdings effectively unchanged

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Following completion of the share split, the company will have around 35.7mln common shares in issue

American Lithium Corp (CVE:LI)) is to execute a forward share split on the basis of two common shares for every one common share currently outstanding.

The board is of the view that the share split will provide a more attractive capital structure for ongoing financing efforts.

Following completion of the share split, the company will have around 35.7mln common shares outstanding.

Quick facts: American Lithium Corp

Price: 0.105 CAD

TSX-V:LI
Market: TSX-V
Market Cap: $7.18 m
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