MUX - McEwen Mining announces 1-for-10 reverse split effective July 26

• McEwen Mining ( NYSE: MUX ) announced that it is proceeding with a 1-for-10 reverse split of the shares, effective  on or about July 26, 2022.
• The stock will commence trading on NYSE and TSX on the same date.
• Post the split, outstanding shares will be reduced from ~474M to ~47M outstanding shares.
• The board approved the proposal to amend the articles of incorporation to effect a reverse split of the outstanding common stock on a ratio of not less than 1-for-5 and not more than 1-for-10; shareholders also approved reduction of shares from 675M to 200M shares.

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