JERSEY, UK, Nov. 17, 2017 /CNW/ - Tethyan Resources plc (TSXV: TETH) ("Tethyan" or the "Company") announces that further to its news releases dated September 8th and November 1st, 2017 the TSX Venture Exchange has approved a share consolidation of the outstanding share capital of the Company on the basis of six (6) pre-consolidation ordinary shares for one (1) new post-consolidation ordinary share (the "Consolidation"). The Consolidation will be effective at the open of the market on November 20, 2017. The Company's name and trading symbol will remain unchanged. After the Consolidation, the Company will have approximately 28 million ordinary shares issued and outstanding.
Following the Consolidation, Computershare Investor Services Plc, acting as the Company's transfer agent, will automatically adjust their book-entry to reflect the Consolidation with no action required from the registered holders, non-registered holders or depositary interests. A DRS statement will be dispatched to each registered holder, with no requirement to complete a letter of transmittal. Depositary interests and non-registered holders are also not required to take any action in respect of letters of transmittal.
Tethyan Resources plc is a gold and base metal mineral exploration company incorporated in England & Wales. Tethyan is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets. Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.
More information can be found on our website: www.tethyan-resources.com.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements relating to: the completion and effective date of the Consolidation; the Company's name and trading symbol remaining unchanged; the issued share capital of the Company after the Consolidation; and the transfer agent automatically adjusting the Company's book-entry after the Consolidation. These statements are subject to certain risks and uncertainties, such as, the regulatory process and actions, new legislation and uncertainties resulting from potential delays or changes in plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
SOURCE Tethyan Resources PLC
For further information: Tethyan Resources Contact: Tethyan Resources plc, Fabian Baker (CEO), +44 1534 881 885, email@example.com