Aventis Energy to consolidate shares at 10-to-1 ratio

Aventis Energy Inc. (CSE: AVE | FRA: C0O0 | OTC: VBAMF) announced that its board of directors has approved a 10-to-1 consolidation of the company's common shares, according to a press release.

The Vancouver-based mineral exploration company currently has 94,248,477 common shares outstanding. If completed, the consolidation would reduce that figure to approximately 9,424,844 shares.

Fractional shares resulting from the consolidation will be rounded down to the nearest whole share, with no cash consideration paid for any fractional amounts.

The company stated that no change of business, name, or stock symbol is associated with the consolidation. Aventis said it will issue a subsequent news release disclosing the effective date, along with a new CUSIP and ISIN for the consolidated shares, after filing required documentation with the Canadian Securities Exchange.

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