NEX TRADING SYMBOL - TGI.H
VANCOUVER,
Nov. 2, 2012 /CNW/ - True Grit
Resources Ltd. (TSX-NEX: TGI.H) announces that it has received
the approval of the TSX Venture Exchange (NEX) for a consolidation
of its issued and outstanding share capital such that every five
(5) existing common shares are consolidated into one (1) new common
share.
The shares of the Company will commence trading
on the TSX Venture Exchange (NEX) on a consolidated basis on
Monday, November 5, 2012, under its
current trading symbol TGI.H. The Company will not be changing its
name or its symbol in connection with the share
consolidation. Following the consolidation, the Company will
have 3,044,745 shares issued and outstanding.
Management of the Company believes that a
consolidation of its share capital will better position the Company
to raise the funds it requires to finance its ongoing business
activities including the acquisition of exploration and development
of its existing properties.
On behalf of the Board,
TRUE GRIT RESOURCES LTD.
Allan W. Williams
President and CEO
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.
Statements in this press release, other than
purely historical information, including statements relating to the
Company's future plans and objectives or expected results, may
include forward-looking statements. Forward-looking statements are
based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development.
As a result, actual results may vary materially from those
described in the forward-looking statements.
SOURCE True Grit Resources Ltd.