Tasca Resources Limited to proceed with (2:1) Forward Split
09.06.2016 | vom Unternehmen
Vancouver, June 9, 2016 - Tasca Resources Limited (TSXV – TAC) (“Tasca” or “the Company”) wishes to announce that further to its news release on May 31, 2016, and pursuant to a resolution passed by the directors on June 8, 2016, the Company’s common shares will be split on the basis of two (2) new common shares for every one (1) existing common share held, whereby common shareholders of record at the close of business on June 15, 2016 will be mailed one additional certificate.The split will be effected by way of a push out. The Company will not be changing its name, cusip or trading symbol in conjunction with the proposed share split. The Company's issued capital will be altered by splitting all of the 5,272,850 issued common shares without par value into 10,545,700 common shares without par value, every one common share being split into two common shares.
In addition, the Company’s Private Placement of 1,000,000 Flow-Through Units at $0.15 per FT Unit and 2,000,000 Non-Flow Through Units at $0.10 per NFT Unit for gross proceeds of up to $350,000 announced on May 31, 2016 was announced on a post-split basis. Should all the Units be subscribed, the issued and outstanding shares of the Company will increase by 3,000,0000 shares for a total of 13,545,700 common shares issued and outstanding.
The common shares of the Company will commence trading on a split basis once accepted by the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Jeffrey Varah
Director, Secretary & CFO
For further information, contact Craig Naughty at (416) 722-5122, or visit the website at: www.tascaresources.com
This news release has been prepared on behalf of the Tasca Resources Ltd. Board of Directors, which accepts full responsibility for its contents. "Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release”