Primary Energy Metals Inc (CSE:PRIM) (OTCMKTS:PEMTF) announced Tuesday it will consolidate its shares on a 1:10 basis, effective at the close of business on Tuesday.
The Vancouver-based junior explorer will reduce the total number of shares in issue, while simultaneously increasing the nominal or par value of each of the shares.
Its shares outstanding will reduce to around 8.16 million from around 81.6 million.
The company said there will be no change to the company's ticker symbol.
Primary Energy Metals is focused on vanadium, cobalt, copper and nickel-focused mineral resource properties.
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