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January 14, 2022 – Vancouver, British Columbia – Tisdale Resources Corp. (the “Company”) (TSXV: TRC) announces that it will undertake a forward share split (the “Share Split”) in which two additional common shares will be issued for every one common share currently outstanding. Following completion of the Share Split, the Company is expected to have approximately 12,249,195 common shares outstanding.
Pursuant to the articles of the Company, the Share Split does not require approval from the shareholders of the Company. Shareholders do not need to take any action with respect to the Share Split. Following completion of the Share Split the transfer agent for the Company will send registered holders of common shares a direct registration system advice letter in lieu of a share certificate which will represent the additional number of common shares to be received as a result of the Share Split.
The Company will provide further information regarding the Share Split, including the applicable record and effective dates, as soon as it becomes available. Completion of the Share Split remains subject to the approval of the TSX Venture Exchange.
For further information, contact Alex Klenman at info@tisdaleresources.com.
On behalf of the Board,
Tisdale Resources Corp.
Alex Klenman, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated timing and completion of the Share Split and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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