Treasury Metals Inc.'s Common Shares Temporarily Trade as TSRMD on OTCQX in United States, and Will Resume "TSRMF" Symbol Following 30-Day Period

TORONTO, Aug. 12, 2020 /CNW/ - Treasury Metals Inc. (TSX: TML) (“Treasury” or the “Company”) is providing an update on the Company’s trading symbol in the United States. As a result of the Company’s three (3) for one (1) Common Share consolidation (the “Consolidation”), in effect prior to the opening of business on August 11, 2020, the Common Shares now trade on the OTCQX under the symbol “TSRMD”, for 30 days before resuming the original “TSRMF” symbol.

 

Treasury’s Common Shares on the Toronto Stock Exchange in Canada continue to trade under the symbol “TML”.

 

The Company received shareholder approval at the annual general and special meeting of shareholders held on August 5, 2020, to complete the Company’s previously announced consolidation (the “Consolidation”) of its Common Shares on the basis of three (3) Common Shares for one (1) Common Share. Common Shares began trading on a post-Consolidation basis on the TSX on August 11, 2020, under new CUSIP No. 894647825 (ISIN CA8946478259).

 

A letter of transmittal (the “Letter”) with respect to the Consolidation was mailed to the Company’s registered shareholders with the Company’s management information circular dated June 29, 2020 (the “Circular”). All registered shareholders were required to send their certificate(s) representing pre-Consolidation Common Shares, along with a properly executed Letter to the Company’s registrar and transfer agent, TSX Trust Company (the “Transfer Agent”) in accordance with the instructions provided in the Letter. Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for their post-Consolidation positions. The Transfer Agent will forward to each registered shareholder who has sent the properly completed Letter a new Common Share certificate representing the number of post-Consolidation Common Shares to which the registered shareholder is entitled. Until surrendered, each Common Share certificate representing pre-Consolidation Common Shares will be deemed for all purposes to represent the number of whole post-Consolidation Common Shares to which the holder is entitled as a result of the Consolidation. A copy of the Letter is posted on the Company’s profile on SEDAR and on the Company’s website at https://treasurymetals.com/investors/annual-and-special-meeting-of-shareholders/

 

Terms of the Consolidation are more fully described in the Circular, which can be found on the Company’s website at www.treasurymetals.com and on SEDAR at www.sedar.com.

 

About Treasury Metals Inc.

 

Treasury Metals Inc. is a gold focused company with assets in Canada. Treasury’s Goliath Gold Project and Goldlund Gold Project are located in Northwestern Ontario. The projects benefit substantially from excellent access to the Trans-Canada Highway, related power and rail infrastructure, and close proximity to several communities including Dryden, Ontario. Treasury plans on the initial development of an open pit gold mine with subsequent underground operations. The Company also owns several other projects throughout Canada, including Lara Polymetallic Project, Weebigee Gold Project, and grassroots gold exploration property Gold Rock/Thunder Cloud.