Tuscany Energy Ltd. Provides Update on 2 for 1 Stock Split
May 6, 2014 (Source: Marketwired) — Tuscany Energy Ltd. (“Tuscany“) (TSX VENTURE:TUS) announces that the TSX Venture Exchange has advised Tuscany that it will amend its bulletin with respect to the two (2) for one (1) stock split of Tuscany’s common shares so as to indicate Tuscany’s common shares will be traded in accordance with the “due bill” procedures from May 2, 2014 to and including the “payment date” of the stock split on May 7, 2014, and that the common shares will now begin trading on the TSX Venture Exchange on a post-stock split basis on May 8, 2014.
Tuscany shareholders, with or without a physical share certificate, do not need to take any action with respect to the stock split, as Tuscany’s transfer agent will send registered owners of Tuscany common shares a DRS advice form or share certificate, which will represent the additional number of common shares that they are receiving as a result of the split. Any trades of Tuscany common shares that are executed on the TSX Venture Exchange during the “due bill” period will be identified to ensure purchasers of Tuscany’s common shares receive the additional Tuscany common shares they are entitled to pursuant to the stock split.
NEITHER THE 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.
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Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>