Belgravia Hartford plans 10-to-1 share consolidation

Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) announced a proposed consolidation of its common shares on a one-for-ten basis, according to a press release from the Toronto-based company.

The consolidation would reduce the number of outstanding shares from 137,720,837 to approximately 13,772,083 post-consolidated shares, subject to rounding adjustments. No fractional shares will be issued; fractions below one-half will be cancelled, while fractions of one-half or more will be rounded up to one whole share.

The consolidation requires approval from the Canadian Securities Exchange. An effective date will be announced in a subsequent release. The company's shares will continue trading on the CSE under the symbol "BLGV" and on the OTCQB under "BLGVF."

Outstanding warrants will be proportionally adjusted in accordance with their terms upon implementation of the consolidation.

The company's board of directors stated the consolidation is intended to enhance marketability and better position the company to raise funds for its business plan.

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