Dual-listed Platinum Group Metals (PTM) on Thursday said it had completed the consolidation of its common shares.
The consolidation was done on the basis of one new share for ten old shares, effective from 09:00 on December 13.
The company’s consolidated common shares are expected to begin trading on the TSX and the NYSE American when the markets open on December 17.
The consolidation, PTM explained in a statement, was completed in order to increase the company’s common share price, for purposes of the NYSE American’s low selling price requirement.