Eldorado Gold Completes 5:1 Share Consolidation; No Economic Impact to Company
Eldorado Gold completed a previously announced 5:1 share consolidation, reducing its total share count from roughly 794 million shares to 159 million shares and increasing its current share price by 5 times to more than USD 3 per share and CAD 4 per share, respectively. Prior to the consolidation, Eldorado’s low share price had put it in violation of exchange rules. The company is now compliant with share price requirements to continue listing on the New York and Toronto Stock Exchanges, respect...Eldorado Gold is engaged in the exploration, development, mining and production of gold and other mining resources in Brazil, China, Turkey and Greece.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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