HONG KONG, May 31, 2019 /PRNewswire/ -- MFC Bancorp Ltd. (the "Company" or "MFC") (MFCB) announces that, at its extraordinary general meeting of shareholders held today, the Company's shareholders approved its previously announced share consolidation and subsequent forward split. As a result, effective at the close of business on June 3, 2019, the Company will complete a share consolidation (the "Consolidation") of the issued and outstanding common shares of the Company on a 25 to 1 basis followed by a subsequent share split of the post-consolidation common shares on a 1 to 25 basis (the "Consolidation / Split").