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.
About Tethyan
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