BRIEF-Javelle Capital Corp announces proposed share consolidation and private placement

Mon Aug 8, 2016 11:32am EDT
 
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Aug 8 (Reuters) -

* Javelle Capital Corp announces proposed share consolidation and private placement

* Board approved consolidation of outstanding common shares on basis of one new common share for every 5 existing common shares

* Javelle Capital says number of common shares outstanding will be reduced from about 5.49 mln pre consolidation to about 1.1 million post-consolidation Source text for Eikon: