Solimar Energy Limited has received approval from its shareholders to implement the share consolidation.

Solimar continues to progress the share consolidation, however there are some minor technical and procedural issues that have arisen due to the Company's dual listing. Solimar is liaising with the ASX and the national body in Canada that administers settlement and clearing activities (CDS) to work through these issues, which it hopes will be resolved within the next few days.

Once the Company has worked through these issues it will update the market and issue a new timetable for the share consolidation.

Tags: Solimar Energy Limited