Belgravia Hartford Capital Proposes One-for-Ten Share Consolidation
Belgravia Hartford Capital Inc. plans to consolidate its common shares on a one-for-ten basis to improve marketability and fundraising capabilities.
Belgravia Hartford Capital Inc. announced a proposal to consolidate its issued and outstanding common shares on a one-for-ten basis. The move will reduce the total number of outstanding shares from 137,720,837 to approximately 13,772,083.
The company's Board of Directors stated the consolidation is intended to enhance marketability as an investment and improve the firm's ability to raise funds for its business plan. The shares will remain listed on the OTCQB and the Canadian Securities Exchange following the process.
Completion of the consolidation requires approval from the Canadian Securities Exchange. Under the Business Corporations Act of British Columbia, the company will round up fractional shares of one half or more to one whole share and cancel those less than one half.