TSX: TML
OTCQX: TSRMD
TORONTO, Aug. 12, 2020 /PRNewswire/ - Treasury Metals
Inc. (TSX: TML) ("Treasury" or the "Company") is
providing an update on the Company's trading symbol in the United States. As a result of the
Company's three (3) for one (1) Common Share consolidation (the
"Consolidation"), in effect prior to the opening of business on
August 11, 2020, the Common Shares
now trade on the OTCQX under the symbol "TSRMD", for 30 days before
resuming the original "TSRMF" symbol.
Treasury's Common Shares on the Toronto Stock Exchange in
Canada continue to trade under the
symbol "TML".
The Company received shareholder approval at the annual general
and special meeting of shareholders held on August 5, 2020, to complete the Company's
previously announced consolidation (the "Consolidation") of
its Common Shares on the basis of three (3) Common Shares for one
(1) Common Share. Common Shares began trading on a
post-Consolidation basis on the TSX on August 11, 2020, under new CUSIP No.
894647825 (ISIN CA8946478259).
A letter of transmittal (the "Letter") with respect to
the Consolidation was mailed to the Company's registered
shareholders with the Company's management information circular
dated June 29, 2020 (the
"Circular"). All registered shareholders were required to
send their certificate(s) representing pre-Consolidation Common
Shares, along with a properly executed Letter to the Company's
registrar and transfer agent, TSX Trust Company (the "Transfer
Agent") in accordance with the instructions provided in the
Letter. Shareholders who hold their Common Shares through a broker,
investment dealer, bank or trust company should contact that
nominee or intermediary for their post-Consolidation positions. The
Transfer Agent will forward to each registered shareholder who has
sent the properly completed Letter a new Common Share certificate
representing the number of post-Consolidation Common Shares to
which the registered shareholder is entitled. Until surrendered,
each Common Share certificate representing pre-Consolidation Common
Shares will be deemed for all purposes to represent the number of
whole post-Consolidation Common Shares to which the holder is
entitled as a result of the Consolidation. A copy of the Letter is
posted on the Company's profile on SEDAR and on the Company's
website at
https://treasurymetals.com/investors/annual-and-special-meeting-of-shareholders/
Terms of the Consolidation are more fully described in the
Circular, which can be found on the Company's website at
www.treasurymetals.com and on SEDAR at www.sedar.com.
About Treasury Metals Inc.
Treasury Metals Inc. is a gold focused company with assets in
Canada. Treasury's Goliath Gold
Project and Goldlund Gold Project are located in Northwestern Ontario. The projects benefit
substantially from excellent access to the Trans-Canada Highway,
related power and rail infrastructure, and close proximity to
several communities including Dryden,
Ontario. Treasury plans on the initial development of an
open pit gold mine with subsequent underground operations. The
Company also owns several other projects throughout Canada, including Lara Polymetallic Project,
Weebigee Gold Project, and grassroots gold exploration property
Gold Rock/Thunder Cloud.
Forward-Looking Statements
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expect, are
forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "plans", "projects", "intends",
"estimates", "envisages", "potential", "possible", "strategy",
"goals", "objectives", or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions. Actual results or
developments may differ materially from those in forward-looking
statements. Treasury disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.
These statements in this release include statements with respect
to the resumption of trading of the Common Shares on the OTCQX
under the original symbol "TSRMF" in 30 days and the delivery of
new certificates representing post-Consolidation Common Shares by
the Transfer Agent to shareholders. All forward-looking statements
are based on Treasury's current beliefs as well as various
assumptions made by management and information currently available.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by the respective parties, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Since forward-looking
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. These include, but are not
limited to potential delays to the resumption of trading of the
Common Shares on the OTCQX under the original symbol "TSRMF" in 30
days and the delays to the delivery of new certificates
representing Common shares by the Transfer Agent to
shareholders.
Actual results, performance or achievement could differ
materially from those expressed in, or implied by, the
forward-looking information and, accordingly, no assurance can be
given that any of the events anticipated by the forward-looking
information will transpire or occur, or if any of them do so, what
benefits may be derived therefrom and accordingly, readers are
cautioned not to place undue reliance on the forward-looking
information.
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SOURCE Treasury Metals Inc.