Mexus Gold US : Announces A 1-for-20 Reverse Stock Split; Sells First Gold From Silver Chloride Material
“This was the right time to do a reverse split. The company has had to use convertible loans and share offerings to keep the business moving forward. I believe that the need for future loans and the risk of additional dilution is now ended given our recent discoveries. I also believe that the combination of less shares in the market along with our recent findings will allow the stock to move to a much higher level which will be a true representation of the company’s value.” added Mexus CEO, Paul Thompson.