Teslin River Resources Corp. Completes Stock Consolidation
22.11.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 22, 2012) - Teslin River Resources Corp. (TSX VENTURE:TLR) (the "Company" or "Teslin River") is pleased to announce that further to the Company's news release of November 13, 2012 the TSX Venture Exchange ("TSX-V") has approved the Company's share consolidation on the basis of five (5) pre-consolidation shares for (1) post-consolidation common share of the Company.Effective as of the opening of markets on Thursday, November 22, 2012, Teslin River will begin trading on the TSX-V on a consolidated basis, under the current trading symbol of TLR. Teslin River will not change its name in connection with the consolidation. The post-consolidated common shares of the Company will be assigned a new CUSIP number of 881604 20 1. The Consolidation will reduce the number of outstanding common shares from 55,609,061 to approximately 11,121,812. No fractional common shares will be issued pursuant to the consolidation. Where the consolidation results in a fractional share, the number of post-consolidation common shares will be rounded down to the nearest whole common share and all such fractional interests will be cancelled.
The Company's currently outstanding stock options and share purchase warrants will also be adjusted on the same basis with proportionate adjustments being made to the exercise price.
About Teslin River Resources Corp.
Teslin River is an exploration company with interests in Nevada and British Columbia. The Company focuses on precious metals exploration with properties currently being explored in both Nevada and British Columbia. Existing properties include the Frasergold Project and Rand properties in British Columbia and the Morningstar property in Nevada.
ON BEHALF OF TESLIN RIVER RESOURCES CORP.
John Icke
Executive Chairman and Interim President and CEO
For further information on the Company and its projects please visit our web site at www.teslin-river.com.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.
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.
Contact
Teslin River Resources Corporation
604.684.8288
604.684.2990 (FAX)
info@teslin-river.com
www.teslin-river.com