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Tumi Resources Limited - Tumi Resources announces approval of the consolidation of its common shares
TSXV - TM Frankfurt - TUY Pink Sheets - TUMIF VANCOUVER, Feb. 22, 2013 /CNW/ - Tumi R...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\n\nTSXV - TMFrankfurt - TUY\nPink Sheets - TUMIF\n\n\nVANCOUVER, Feb. 22, 2013 /CNW/ - Tumi Resources Limited (the \"Company\") (TSXV: TM) (OTCPK: TUMIF)\n (Frankfurt: TUY).  The Company announces that at a Special Meeting of Shareholders held on\n February 21, 2013, the Company received the approval from its\n shareholders to proceed with the proposed consolidation of its issued\n and outstanding common shares on the basis of one (1)\n post-consolidation common share for every four (4) pre-consolidation\n common shares.\n\n\nCommencing at opening on Monday, February 25, 2013, the common shares of\n the Company will trade on a post-consolidated basis on the TSX Venture\n Exchange under the same trading symbol \"TM\".\n\n\nThe Company currently has 63,155,039 common shares issued and\n outstanding and after the consolidation takes effect, the Company will\n have approximately 15,788,759 common shares issued and outstanding. The\n number of common shares reserved for issuance by the Company, including\n common shares reserved for stock options and warrants, will be adjusted\n to give effect to the consolidation.  Any fractional shares of the\n Company arising from the consolidation will be rounded down to the\n nearest whole share of the Company.\n\n\nA letter of transmittal will be sent to shareholders setting out the\n procedure to be followed by shareholders for use in transmitting their\n share certificates to the Company's transfer agent in exchange for new\n certificates representing the number of common shares to which such\n shareholder is entitled as a result of the consolidation.  A\n shareholder must deliver or send the letter of transmittal, properly\n completed and duly executed, together with certificate(s) representing\n its common shares and all other required documents to the Company's\n transfer agent at the address set forth in the letter of transmittal. \n It is each shareholder's responsibility to ensure that the letter of\n transmittal is received by the transfer agent.  Upon return of a\n properly completed letter of transmittal, together with certificates\n evidencing the common shares, certificates for the appropriate number\n of new consolidated common shares will be issued at no charge. \n Non-registered shareholders should consult with their intermediaries\n for in...