VANCOUVER, Jan. 15, 2015 /CNW/ - Tapango Resources Ltd.
(TSXV: TPA.H) (the "Company") announces that the TSX Venture
Exchange has approved a share consolidation of the outstanding
share capital of the Company. On December 23, 2014, the Board of Directors
approved a consolidation (the "Consolidation") of the Company's
common shares on the basis of ten (10) pre-Consolidation common
shares for one (1) post-Consolidation common share. The
reasons for the Consolidation are to increase the Company's
flexibility and competitiveness in the market place and to make the
Company's securities more attractive to a wider audience of
potential investors.
The Consolidation will be effective at the open of the market on
Friday, January 16, 2015 (the
"Effective Date"). The Company will not change its name as part of
the Consolidation, but will issue new share certificates under a
new CUSIP number, which is 875932303. The Company's common shares
will continue to trade on the NEX Board of the TSX Venture Exchange
under its current symbol "TPA.H".
The Company currently has 39,529,693 common shares issued and
outstanding. As at the Effective Date the Company will have
approximately 3,952,969 common shares issued and outstanding.
Registered shareholders will receive a letter of transmittal from
Computershare Investor Services Inc., the Company's transfer agent,
with information on how to replace their old share certificates
with the new share certificates. Brokerage firms will handle the
replacement of share certificates on behalf of their shareholders
accounts.
On behalf of the Board of
TAPANGO RESOURCES LTD.
"Geir Liland"
President & Director
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.
This new release may contain forward-looking
statements. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements.
SOURCE Tapango Resources Ltd.