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TUMI RESOURCES ANNOUNCES APPROVAL OF THE CONSOLIDATION OF ITS COMMON SHARES
Tumi Resources Ltd., at a special meeting of shareholders held on Feb. 21, 2013, received the approval from its shareholders to proceed with the proposed consolidation of its issued and outstanding common shares on the basis of one postconsolidation common share for every four preconsolidation common shares.
Commencing at opening on Monday, Feb. 25, 2013, the common shares of the company will trade on a postconsolidated basis on the TSX Venture Exchange under the same trading symbol TM.
The company currently has 63,155,039 common shares issued and outstanding, and, after the consolidation takes effect, the company will have approximately 15,788,759 common shares issued and outstanding. The number of common shares reserved for issuance by the company, including common shares reserved for stock options and warrants, will be adjusted to give effect to the consolidation. Any fractional shares of the company arising from the consolidation will be rounded down to the nearest whole share of the company.