Aurcana Corporation (AUN.V) announced approval of the proposed consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every eight pre-consolidation common shares.
At the special general meeting of shareholders held today, 92.7% of the shareholders of the company voted in favour of the consolidation and 7.3% voted against.
Subject to regulatory approval, the company anticipates completing the consolidation during April 2013.
AUN shares were unchanged at $0.68.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
