Please be advised that in order to facilitate financings a 2:1 consolidation was required. Details of the proposed financing for the advancement of the REE property at Mt Copeland will be made available shortly, and is proceeding very nicely. Please contact either Dr. Pfaffenberger or the numbers below for details.
Regards,
John Chalcraft, I.R.
TORCH RIVER RESOURCES LTD.
FOR IMMEDIATE RELEASE
November 25, 2011
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Mr. William Pfaffenberger reports
TORCH RIVER CONSOLIDATES SHARES ON BASIS OF TWO (2) FOR ONE (1).
Torch River Resources Ltd. will complete a share consolidation of its share capital as approved at its annual general meeting of Sept. 12, 2011, on the basis of one postconsolidated common share for every two preconsolidated common shares effective at opening of trading on Nov. 28, 2011, and the articles of amendment will have been filed prior to that time in connection with the share consolidation. Management views are that the share consolidation will encourage more liquidity for the corporation's common shares and will allow the corporation greater opportunities for future financings. Prior to the share consolidation the corporation has a total of 69,989,990 common shares issued and outstanding. As a result of the share consolidation, the corporation will have approximately a total of 34,994,995 common shares issued and outstanding.
The corporation will commence trading on a consolidated basis at the market open on Monday, Nov. 28, 2011, as set out in the TSX Venture Exchange acceptance bulletin dated Nov. 24, 2011.
For further information please contact:
John Chalcraft, Investor Relations
604 541-1995 or 1 800 540-1995
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Torch River Resources Ltd.
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EXPLORATION STAGE |
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CODE : TCR.V |
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ISIN : CA79015E1060 |
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Torch River is a gold and copper exploration company based in Canada. Torch River holds various exploration projects in Canada. Its main exploration properties are MT. COPELAND, GROUSE MOUNTAIN, HIGHROCK ISLAND, NAHMINT and RED BIRD in Canada. Torch River is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.2 millions as of today (US$ 2.2 millions, € 1.6 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.91, and its lowest recent point on April 12, 2013 at CA$ 0.01. Torch River has 44 888 000 shares outstanding. |