Dec 16 (Reuters) - Corazon Mining Ltd CZN.AX :
* PROPOSES TO SEEK SHAREHOLDER APPROVAL TO CONSOLIDATE ISSUED CAPITAL OF CO
* CONSOLIDATION OF ISSUED CAPITAL WILL BE ON BASIS OF 1 SHARE FOR EVERY 20 SHARES CURRENTLY HELD
* CONSOLIDATION TO REDUCE NUMBER OF SHARES ON ISSUE TO ABOUT 162.68 MILLION