Infinico Metals Corp. Executes 15:1 Share Consolidation After $0.01 Penny Stock Offering
Infinico Metals Corp. reduced outstanding shares from 68 million to 4.5 million through a 15:1 consolidation following a penny stock offering priced at $0.01 per share. The TSX Venture Exchange-listed junior miner's moves signal severe liquidity constraints typical of distressed exploration companies.
ViaNews Editorial Team (Markets)•