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Stock Market & Financial Investment News

News Breaks
February 14, 2014
17:17 EDTTLRTimberline Resources announces early cash receipt
Timberline Resources announced that pursuant to the mutual agreement of the company and Timberline Drilling, the company has accepted an early, discounted cash payment of US$150,000 in complete satisfaction of TDI's payment obligation to the company that was due in November. That payment obligation was pursuant to the previously announced terms of the Drilling Services and Related Payment Obligations Agreement, dated November 9, 2011, by and between the Company and TDI wherein the company is to receive discounted drilling services, or, if the services are not provided, annual cash payments of US$220,000 ending in November 2016. The future obligations of both parties under the Agreement remain intact and unchanged.
News For TLR From The Last 14 Days
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October 24, 2014
17:32 EDTTLRTimberline Resources announces terms of reverse stock split
Timberline Resources announced the terms of the reverse stock split that was approved by the company's stockholders at its Annual and Special Meeting of the Stockholders held on August 5. The company's Board of Directors has set the ratio for the reverse stock split at one for twelve to be effective at the close of business on Friday, October 31, and in effect for trading on a reverse split-adjusted basis on the NYSE MKT and the TSX-V on Monday, November 3. At the effective time of the amendment to Timberline's Certificate of Incorporation effecting the reverse stock split, every twelve (12) shares of Timberline's issued and outstanding common stock will be consolidated into one newly issued and outstanding share of common stock, without any change in the par value per share. Timberline's shares of common stock will continue to trade on the NYSE MKT under the symbol TLR and on the TSX-V under the symbol TBR with a new CUSIP number of 887133205. The reverse stock split will reduce the number of shares of Timberline's outstanding common stock from approximately 119M to approximately 9.9M. Proportional adjustments will be made to the company's outstanding stock options, outstanding warrants, and equity incentive plan. The number of authorized shares of the company's common stock will remain unchanged.

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