88 Capital has completed an 8-to-1 share consolidation

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88 Capital Corp. (88 Capital) is a Canada-based capital pool company. The Company’s principal business activity is engaged in the acquisition and exploration of precious metals properties. As of September 30, 2014, the Company had no operations or assets

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88 Capital has completed an 8-to-1 share consolidation

posted on Apr 08, 2014 08:36AM

88 Capital (TSX:V.EEC, Stock Forum) has completed an 8-to-1 share consolidation.

The new structure will see the company share price at $0.24, with 11.7 million shares outstanding for a $2.8 million market cap.

The company will use the tighter share structure to engage in a financing: "The Company will be proceeding with its previously announced private placement on a post consolidated basis of up to 10 million units at six cents per unit for gross proceeds of up to $600,000. The Company intends to use proceeds from the financing for general working capital."

The deal marks the first news release for the company since it announced it was going into the medical marijuana field.

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