Goldbelt to consolidate

With a view of making its shares more attractive to potential investors, Goldbelt Mines (VSE) is proposing a 1-for-2 consolidation of its share capital.

The company has 16,748,024 shares outstanding which would drop to 8,374,012 shares on a post-consolidated basis. Goldbelt plans to seek shareholder approval of the consolidation at a special meeting in June.