Killi Ltd (TSXV: MYID) this morning set the effective date for a share consolidation. The consolidation will see shareholders receive one share for every five shares of the firm previously held.

Originally announced back in February, the share consolidation was approved by the firms board of directors following the approval by shareholders last May. The consolidation, which is to take effect as of April 1, 2020 at market open, will see the firms current shares outstanding reduced down to 67.3 million from the current 336.3 million figure.

The consolidation is being conducted ahead of what the firm refers to as an “extensive market awareness program throughout the United States.” The awareness program in the US market follows the recent listing of the firm on the OTCQB.

Killi Ltd last traded at $0.12 on the TSX Venture.

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