Nordac planning a share consolidation

Shareholder approval will be sought by Nordac Mining for the company’s plan to consolidate its common shares on a one new share for each 2.5 shares held basis.

Nordac, which will have its name changed to Big Creek Resources, is negotiating the acquisition of a platinum property in the Yukon. Also, an oil and gas drill program is being considered. Financing for the projects will come by way of a private placement of Nordac shares, the company says.