Power Metal Resources shareholders back share consolidation
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Power Metal Resources PLC on Tuesday announced a proposed share consolidation has been approved by shareholders.
The London-based mineral exploration company said the resolution passed with 80% votes cast in favour of the consolidation.
Following this approval, every 20 ordinary shares of 0.1 pence will become a new ordinary share of 2p each.
Shares in Power Metal Resources were up 7.4% to 0.75 pence in London on Tuesday afternoon.
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