[PR Newswire] – PIRAEUS, Greece, Nov. 20, 2013 /PRNewswire/ — NewLead Holdings Ltd. (NEWL) (“NewLead” or the “Company”) today announced that a 1-for-3 reverse stock split of its common shares has been approved by the Company’s Board of Directors and by written consent of a majority of shareholders, effective upon the commencement of trading on December 6, 2013. The reverse split will consolidate every three common shares into one common share, par value of $0.01 per share. As a result of the reverse stock split, the number of common shares of the Company’s common shares outstanding would currently be reduced from 47,663,633 to approximately 15,887,878 shares, subject to rounding up of all fractional shares to the nearest whole share.