NEX TRADING SYMBOL - TGI.H
VANCOUVER, Nov. 2, 2012 /CNW/ - True Grit Resources Ltd. (TSX-NEX: TGI.H) announces that it has received the approval of the TSX Venture Exchange
(NEX) for a consolidation of its issued and outstanding share capital
such that every five (5) existing common shares are consolidated into
one (1) new common share.
The shares of the Company will commence trading on the TSX Venture
Exchange (NEX) on a consolidated basis on Monday, November 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 ongoing business activities including the acquisition of
exploration and development of its existing properties.
On behalf of the Board,
TRUE GRIT RESOURCES LTD.
Allan W. Williams
President and CEO
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.
Statements in this press release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, may include forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in resource exploration and development. As a result, actual
results may vary materially from those described in the forward-looking
SOURCE: True Grit Resources Ltd.
<p> 615 - 800 West Pender St., Vancouver, B.C. V6C 2V6<br/> TELEPHONE: (604) 681-6766 FACSIMILE: (604) 684-0279 </p>