TAC.v New name for your consideration , potential turnaround situation, low s/o only 10,545,700 issued and outstanding , stock just completed a forward 2:1 stock split and is undertaking an aggressive new strategy of assembling a selection of drill ready prospects and planning to get a financing done at higher levels to get the drill turning on them. They are just closing on a small ($350K) PP @.10 , they have a great QP that is reviewing properties named Tim Hennenbury.
They are looking to start drilling in October, Now that the PP is closing we are looking at adding prospects and raising price so we can get a large PP at higher prices to go drill crazy.
Cheers,
hsb
V:TAC Depth by Price @09:52:43
Bid Ask
Orders Size Price Price Size Orders
2 104,500 0.11 0.13 14,500 2
2 175,500 0.105 0.135 10,000 1
5 224,000 0.10 0.14 49,500 2
2 155,000 0.095 0.145 8,000 1
2 105,000 0.09 0.15 624 1
June 15, 2016
TASCA COMPLETES (2:1) FORWARD SPLIT
Vancouver, British Columbia, June 15, 2016- Tasca Resources Ltd. (TSXV – TAC) (“Tasca” or “the
Company”) wishes to announce that further to its news release on June 9, 2016 and May 31, 2016, and
pursuant to a resolution passed by the directors on June 8, 2016, the Company’s common shares have been
split on the basis of two (2) new common shares for every one (1) existing common share held, whereby
common shareholders of record at the close of business on June 15, 2016 will be mailed one additional
certificate. The split will be effected by way of a push out.
The Company will not be changing its name, cusip or trading symbol in conjunction with the proposed
share split. The Company's issued capital will be altered by splitting all of the 5,272,838 issued common
shares without par value into 10,545,676 common shares without par value, every one common share being
split into two common shares.
The common shares of the Company have commenced trading on a split basis on June 13, 2016 pursuant
to the TSX Venture Exchange bulletin issued on Friday, June 10, 2016.
ON BEHALF OF THE BOARD
Jeffrey Varah
Director, Secretary & CFO
For further information, contact Craig Naughty at (416) 722-5122, or visit the website at:
www.tascaresources.com
This news release has been prepared on behalf of the Tasca Resources Ltd. Board of Directors, which accepts
full responsibility for its contents.
"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”
Tasca arranges $350,000 private placement
2016-05-31 20:09 ET - News Release
Mr. Jeffrey Varah reports
TASCA TO PROCEED TO PRIVATE PLACEMENT OF FLOW-THROUGH AND NON FLOW-THROUGH UNITS, UNDERGO A (2:1) FORWARD SPLIT AND APPOINT A NEW PRESIDENT
Tasca Resources Ltd. intends to proceed with a private placement of flow-through (FT) and non-flow-through (NFT) units for proceeds of up to $150,000 in FT funds and $200,000 in NFT funds, respectively, for total gross proceeds of $350,000. Each FT unit is composed of one FT common share at 15 cents and one NFT warrant exercisable at 25 cents per common share for two years. Each NFT unit is composed of one NFT common share at 10 cents and one NFT warrant exercisable at 20 cents for two years. The securities issued pursuant to the private placement will be subject to a four-month-and-a-day hold period. The company intends to use the proceeds from this financing for general working capital purposes and to finance an exploration program on its FourBay and Cobb Bay properties.
A two-for-one forward split
The company announces that it will forward split all of the issued and outstanding shares of the company on a basis of two new common shares for every one existing common share held, to be effected at the discretion of the company's board of directors. The company will not be changing its name, Cusip or trading symbol in conjunction with the proposed share split. The company's issued capital will be altered by splitting all of the 5,272,850 issued common shares without par value into 10,545,700 common shares without par value, every one common share being split into two common shares. The share split is subject to acceptance by the TSX Venture Exchange.
The company anticipates the share split will make Tasca's stock more accessible to investors and enhance liquidity for shareholders. The forward split will likely take effect as soon as possible after application to the TSX Venture Exchange is made and initial approval received. The new shares will be allocated to each shareholder (based on a record date yet to be announced).
Change of president
The company is pleased to announce that Clive H. Massey has been appointed as president and chief executive officer of the company, filling the vacancy created by the resignation of Craig Naughty. Mr. Naughty will remain a director of the company going forward. The company wishes to thank Mr. Naughty for his service and dedication to the company in the role of president and chief executive officer.
© 2016 Canjex Publishing Ltd. All rights reserved.
