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Mooncor Oil & Gas Corp. May Consolidate Shares

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January 7, 2014

Mooncor Oil & Gas Corp. (TSXV: MOO.V) proposed a consolidation of its common shares, the company said Jan. 7. The proposal would allow Mooncor’s board of directors to consolidate the shares, up to 10 pre-consolidation shares for one post-consolidation share basis. The consolidation will be considered at a Jan. 29 shareholders’ meeting, the company added.

There are roughly 149,934,520 shares issued and outstanding currently, the company said.

The company’s management said that successful consolidation would provide flexibility for Mooncor to amend its capital structure, attract business opportunities and complete future ...

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