Medicure Inc.(MPH.V, MCUJ.PK) announced Friday that its board has approved a consolidation of the Company's common shares on the basis of fifteen pre-consolidation Common Shares for each one post-consolidation Common Share, subject to the approval of the TSX Venture Exchange.
As at September 21, 2012, the company had 182.95 million Common Shares issued and outstanding. Following the consolidation, it is expected that the Company will have approximately 12.20 million Common Shares issued and outstanding.
The company said that its name and trading symbol will not change as a result of the consolidation.
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by RTT Staff Writer
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