Aug 8 (Reuters) -
* Javelle Capital Corp announces proposed share consolidation and private placement
* Board approved consolidation of outstanding common shares on basis of one new common share for every 5 existing common shares
* Javelle Capital says number of common shares outstanding will be reduced from about 5.49 mln pre consolidation to about 1.1 million post-consolidation Source text for Eikon: ID:nCCN2lZBFz