Terra Balcanica Announces Share Consolidation Effective Date - Latest Global News

Terra Balcanica Announces Share Consolidation Effective Date

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Vancouver, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) — Terra Balcanica Resources Corp. (“Terra” or the “Pursue) (CSE:TERA; FROM: UB1) makes this announcement following the company’s May 8 press releaseTh2024, the consolidation of the Company’s outstanding common shares (each a “Common share“) on the basis of one post-consolidation common share for every three pre-consolidation common shares is expected to be effective for trading purposes on Friday, May 17Th2024 (the “Effective date“). Following the Consolidation, the Common Shares are expected to begin trading on the CSE at market open on the Effective Date. The new CUSIP of the common shares is 88089G202 and the new ISIN is CA88089G2027.

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Shareholders with physical certificates will receive a letter of transmittal from Computershare Trust Company of Canada, the Company’s transfer agent. All stockholders of record must send their certificates representing pre-consolidation shares, together with a duly executed letter of transmittal, to the Company’s transfer agent in accordance with the instructions in the letter of transmittal. Shareholders who hold their shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary regarding the procedures for completing the consolidation of their shares and determining their positions post-consolidation. Further details on the consolidation can be found in the company’s May 8 press releaseTh2024.

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about the company
Terra Balcanica is a polymetallic and energy metals exploration company targeting large mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The Company has a 90% interest in the Viogor-Zanik project in eastern Bosnia and Herzegovina and owns 100% of the Ceovishte mineral exploration license in southern Serbia. Canadian assets include a 100% optioned portfolio of uranium-mining licenses bordering the world-famous Athabasca Basin: Charlot-Neely Lake, Fontaine Lake, Snowbird South Pendleton. The company values ​​responsible interaction with local communities and interest groups. It is committed to the proactive implementation of Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.

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ON BEHALF OF THE BOARD OF DIRECTORS

Terra Balcanica Resources Corp.
“Aleksandar Miskovic”

Aleksandar Miskovic
President and CEO

For complete information regarding this press release, please contact Aleksandar Mišković at [email protected], +1 (514) 796-7577 or visit www.terrabresources.com/en/news.

Warning notice

This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, “forward-looking statements”). The use of the words “will,” “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Consolidation. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions that may prove to be incorrect, including, but not limited to, the ability to obtain regulatory approval for the consolidation. Undue reliance should not be placed on such forward-looking statements. Actual results may differ from the information provided herein due to numerous known and unknown risks and uncertainties and other factors. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but there can be no assurance that these expectations will prove to be correct. The Company undertakes no obligation to update these forward-looking statements, except as required by law.


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