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Patagonia to clean up shares

South America-focused gold and silver miner Patagonia Gold (LN:PGD) has said it will shape up its issued stock before losing the ability to raise money on-market.

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Time to turn off the flow: with 23 billion shares and counting, Patagonia Gold wants to clean up its shares on issue

The miner has 2.3 billion shares on issue and a current price of £0.0165 (US$0.024) per share following a December placing to pay for the Calcatreu project in Argentina.