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Stock Market & Financial Investment News

News Breaks
May 23, 2014
08:07 EDTTLRTimberline Resources receives notice from NYSE
Timberline Resources announced that it has received notice from the NYSE that due to the Exchange's determination that the company's securities have been selling for a low price per share for a substantial period of time, pursuant to Section 1003(f)(v) of the NYSE MKT Company Guide, the company's continued listing is predicated on it effecting a reverse stock split of its common stock within a reasonable period of time, which the Exchange has determined to be no later than November 19. The Exchange did acknowledge in its notification letter that the company has disclosed its intention to seek shareholder approval for a reverse stock split of its common stock in connection with the company's proposed acquisition of Wolfpack Gold. The acquisition of Wolfpack U.S. is expected to close early in July. The reverse stock split contemplated as part of the arrangement to acquire Wolfpack U.S. is expected to alleviate the concerns of the Exchange within a reasonable period of time.
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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