Tombador Iron completes consolidation of issued capital

Tombador Iron Limited (ASX:TI1) has announced the completion of the consolidation of its issued capital following shareholder approval at the Annual General Meeting on 22 August 2024. The consolidation was based on the ratio of one (1) security for every twenty-five (25) securities held, resulting in the issuance of new holding statements to security holders on a post-consolidation basis.

Executive Commentary on Capital Consolidation Completion

The completion of the consolidation of our issued capital marks an important step for Tombador Iron. This decision was made after careful consideration and with the best interests of our shareholders in mind. We believe that this consolidation will streamline our capital structure and enhance the overall efficiency of our operations. The dispatch of new holding statements to our security holders signifies the successful conclusion of this process, and we appreciate the continued support of our shareholders throughout this transition.

Summary of Tombador Iron's Capital Consolidation Completion

Tombador Iron Limited (ASX:TI1) has successfully completed the consolidation of its issued capital, as approved by shareholders at the Annual General Meeting. The consolidation, based on the ratio of one (1) security for every twenty-five (25) securities held, has resulted in the dispatch of new holding statements to security holders. The company views this consolidation as a strategic move to optimize its capital structure and improve operational efficiency. Looking ahead, Tombador Iron remains committed to delivering value to its shareholders and pursuing its corporate objectives in the evolving market landscape.