Jan 27 (Reuters) - DragonWave Inc DWI.TO :
* Announces share consolidation
* Shareholders approved a consolidation on the basis of a consolidation ratio
of between 1-for-15 and 1-for-25
* Expects consolidation to reduce number of outstanding common shares from
approximately 75.5 million to about 3 million
* Board intends to implement share consolidation on basis of twenty-five
pre-consolidation shares for one post-consolidation share
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