Shareholders of Klondike Silver Corp. and the TSX Venture Exchange have approved the consolidation of the company's shares on a one-for-20 basis. The company will begin trading on a consolidated basis on March 29, 2011.
Consolidation
At the company's special meeting held on March 14, 2011, and adjourned to March 21, 2011, shareholders approved a consolidation of its share capital on the basis of one new common share for every existing 20 common shares. Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to finance future operations. Shareholder and exchange approval of the consolidation has been received with the record date set as March 21, 2011. The company will then have a total of 10,168,904 common shares issued and outstanding.