VANCOUVER, March 17, 2017 /CNW/ - Transatlantic Mining Corp. (the "Company") (TCO:TSX.V) announces that it has plans to do a consolidation of its common shares (each, a "Share") on the basis of ten (10) pre-consolidation for one (1) post-consolidation Share (the "Consolidation").
In connection with the consolidation, the name of the company will not change and the Company's trading symbol will remain TCO.
About Transatlantic Mining Corp.
Transatlantic Mining (TSX-V: TCO) is an emerging precious and base metal explorer, developer and producer. The Company has a focus on high-grade mining, in stable mining jurisdictions. The Company is engaged in controlling and owning mineral properties interests, such as an 80% earn-in option on the Monitor Copper-Gold project in Idaho (USA).
In January 2016, the Company entered a lease/purchase option agreement on 100% of the US Grant Gold-Silver Mine & Mill complex in Montana (USA) which has now produced a concentrate within 12 months. A proven management team, led by Chief Executive Officer Bernie Sostak seek to enhance shareholder value through expert exploration/development and expansion of its existing assets, together with selective and future earning accretive acquisitions.
Neither the 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
SOURCE Transatlantic Mining Corp.
For further information: Bernie Sostak, +61 (0) 439 904 044