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Jaxon Minerals proposes name change and stock split

Jaxon believes that having a greater number of common shares at a reduced price will enhance long-term liquidity and increase investor interest in Jaxon
Hazleton project
Jaxon recently completed the first phase of fieldwork at the Hazelton VMS project in British Columbia

Jaxon Minerals Inc (CVE:JAX) has proposed a stock split and a subtle change of name.

The proposed new name is Jaxon Mining.

Meanwhile, the company is planning to increase the number of shares in issue by 25% by replacing every existing share with 1.25 shares.

The stock split will require adjustments to outstanding stock options and warrants but all other things being equal, should have no difference to the value of shareholders' stakes, as the share price will ease back to reflect the greater number of shares in issue.

Following the share split, the company will have around 63.82mln shares in issue.

Jaxon believes that having a greater number of common shares at a reduced price will enhance long-term liquidity and increase investor interest in Jaxon and its business.

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