July 12 (Reuters) - Medallion Resources Ltd MDL.V
* Medallion announces $600,000 private placement and share consolidation
* Plans to complete a consolidation on basis of one new common share for every four currently-outstanding common shares
* Does not intend to change name or current trading symbol in connection with proposed share consolidation
* No fractional consolidated common shares will be issued as a result of share consolidation Source text for Eikon: ID:nCCNplrQta Further company coverage: MDL.V