Mr. Allan Williams reports
TRUE GRIT SHARE CONSOLIDATION
True Grit Resources Ltd. has received the approval of the TSX Venture Exchange
(NEX) for a consolidation of its issued and outstanding share capital
such that every five existing common shares are consolidated into
one new common share.
The shares of the company will commence trading on the TSX Venture
Exchange (NEX) on a consolidated basis on Monday, Nov. 5, 2012,
under its current trading symbol TGI.H. The company will not be
changing its name or its symbol in connection with the share
consolidation. Following the consolidation, the company will have
3,044,745 shares issued and outstanding.
Management of the company believes that a consolidation of its share
capital will better position the company to raise the funds it requires
to finance its continuing business activities, including the acquisition of
exploration and development of its existing properties.