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Tue Jul 14 2015 3:04:04 PM EDT
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Tauriga Sciences Inc TAUG:OTCQB
Tauriga Sciences, Inc. to Complete the Increase of Authorized Shares Prior to Filing Fiscal Year 2015 Annual Report (Form 10K)
PR Newswire
3:03 PM ET
Tauriga Sciences, Inc. (OTCQB: TAUG) or ("Tauriga" or "the Company"), a diversified life sciences company, today announced that the Company has decided to complete the proposed increase in authorized shares of common stock from 1 billion to 2.5 billion as more fully described in the Preliminary Schedule 14A filed with the Securities and Exchange Commission prior to filing its Annual Report on Form 10-K for the fiscal year ended March 31, 2015 ("Form 10-K"). The Company anticipates that it will be filing and mailing the Definitive Schedule 14A with the location and time of the special shareholder meeting. The Company will proceed to file its Form 10-K shortly thereafter and, if so, will not be at any risk of being delisted from the OTCQB exchange from the delay of filing Form 10-K.
Tauriga's CEO, Seth M. Shaw stated, "Based on conversations with the Company's legal counsel and independent auditor, the Board of Directors of the Company have decided this is the most responsible course of action to ensure an accurate Form 10-K. The Company fully expects to file its Form 10-K annual report during the last week of July 2015. The Company continues to make meaningful progress in its business initiatives and looks forward to a successful second quarter of 2015."
About TAURIGA SCIENCES, INC.:
Tauriga Sciences, Inc. (OTCQB: TAUG) is a diversified life sciences company focused on generating profitable revenues through its present and future holdings. The mission of the Company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The Company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses. Management is firmly committed to building lasting shareholder value in the short, intermediate, and long terms. Please visit the Company's corporate website at www.tauriga.com
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