Planet Ventures (PNXPF) announced on Monday that it intends to consolidate its common shares based on five pre-consolidation shares for every one post-consolidation share.
The company highlighted that the consolidation is intended to make it more attractive to potential new investors.
The consolidation was approved by the board of directors of the company in accordance with the articles of the company but remains subject to the approval of the Canadian Securities Exchange.
The company said it will not be changing its name with the consolidation.
Source: press release
