Rosia Montana Gold Corporation Cuts Share Face Value To Cover Loss

10.26.2011 By Andrei Circhelan

Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing the face value of shares, since it has not covered its losses from reserves.

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Keywords:
RMGC
, SHARE CAPITAL
, REDUCTION