VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2014) - Terreno Resources Corp. ("Terreno" or the "Company") (TSX VENTURE:TNO) is pleased to announce the effective date for the consolidation of its common shares (the "Common Shares") of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Share Consolidation"), will be Friday, December 5, 2014.
Effective at the opening of markets on Friday, December 5, 2014, the Common Shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis.
Following the Share Consolidation the Company will have approximately 6,984,580 Common Shares outstanding. The change in the number of issued and outstanding Common Shares resulting from the Share Consolidation will not materially affect any shareholder's percentage ownership in Terreno, although their respective ownership will be represented by a smaller number of Common Shares. The Company will not be changing its name connection with the Share Consolidation.
About Terreno Resources
Terreno, meaning "of the earth" in Spanish, represents the Company's focus on resource opportunity development in South and Central America. In the Dominican Republic, Terreno has the option to acquire the El Carrizal Concession and option agreements on two exploration projects in Argentina; Poposa (formerly referred to as Amarillo) in San Juan, and Socompa in Salta. Terreno's projects boast significant alteration systems and have the potential for copper, gold and silver mineralization. For more information, please visit
www.terrenoresources.com.
Neither the 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.