VANCOUVER, Dec. 23, 2014 /CNW/ - Tapango Resources Ltd. (TSXV: TPA.H) (the "Company") announces that its Board of Directors has approved a share consolidation of the outstanding share capital of the Company on the basis of 10 pre-consolidation shares for 1 post-consolidation 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 Company currently has 39,529,693 common shares issued and outstanding, and after the consolidation, the Company will have approximately 3,952,969 common shares issued and outstanding. The Company is not expected to change its name in conjunction with the consolidation. The completion of the consolidation remains subject to regulatory approval.
On behalf of the Board of
TAPANGO RESOURCES LTD.
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.
For further information: Suite 3123, 595 Burrard Street, Vancouver, BC V7X 1J1, Tel: (604) 609-6110