West Perth-based Ironbark Gold Ltd will subdivide its issued capital on a basis of five shares for every one held, to increase liquidity and affordability of its shares, as well as completing the acquisition of the Citronen Zinc Project. Approval was given for the share split at a general meeting held on May 21 2007, with the number of shares in the company to increase from 40.8 million to 204 million, and the number of options from 18.6 million to 93 million.