Nevada Organic Phosphate Plans Up to 3-for-1 Share Consolidation
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Vancouver -- Nevada Organic Phosphate Inc. (CSE: NOP) will ask shareholders on December 30, 2026 to approve a consolidation of up to one new share for every three old shares, which would cut its 180,049,541 outstanding common shares to about 60,016,513.
Two-thirds shareholder vote is required to authorize the consolidation
The special resolution needs at least 66 2/3% of votes cast, in person or by proxy. Meeting materials are expected on or about December 9, 2026 on SEDAR+. If shareholders approve, the board keeps discretion over timing and may decide not to proceed. The consolidation also needs regulatory approval.