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Stock Market & Financial Investment News

News Breaks
February 17, 2014
11:14 EDTTLRTimberline announces Hard Rock operating permit update
Timberline Resources announced that the Montana Department of Environmental Quality, MDEQ, has provided an updated schedule anticipated for completion of the Final Environmental Impact Statement for the Butte Highlands Joint Venture, BHJV, s proposed underground gold mine in the Highland Mountains south of Butte, Montana. The Final EIS is a critical remaining step toward receipt of a Final Hard Rock Operating Permit for the Project. The company also announced recently received assay results from drilling completed in preparation for advancement of mining to the proposed bulk sample area. The MDEQ has provided the company a revised estimate that completion of the Final EIS will be before the end of March. The agency currently continues evaluation and response to public comments provided following release of the Draft EIS in October, 2013. Two weeks after release of the Final EIS, the MDEQ will prepare a Record of Decision document after which the project bond can be issued. The Final HROP would be signed by the Director of the MDEQ immediately thereafter allowing commencement of production. Timberline also announced additional results from underground drill holes completed in 2013. Hole BHUG13-003 was drilled to confirm continuity of mineralization within the main zone in the proposed bulk sample area. The hole also intercepted the lower, footwall zone where assays confirm significant mineralization.
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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