Name Change and Share Consolidation
TYMBAL RESOURCES LTD.
Suite 600-850 West Hastings Street
Vancouver, British Columbia
V6C 1E1
Tel: (604) 662-8130
Email: [email protected]
NEWS RELEASE
Name Change and Share Consolidation
VANCOUVER, BRITISH COLUMBIA, April 26, 2024 – Tymbal Resources Ltd.
(TSXV – TYMB) (“Tymbal” or the Company).
In connection with the Company’s last Annual General Meeting held on July 23 rd , 2023,
the Company will complete a consolidation of the issued and outstanding sha res of the
Company at a ratio of one postconsolidation common share for 3 preconsolidati on
common shares. In conjunction of the share consolidation, the Company will also change
its name to New Tymbal Resources Ltd. and its trading symbol will change to NTB.
Related directors’ resolution was passed on March 26, 2024. The consolidation and name
change will take effect on the opening of business on April 30, 2024.
The share consolidation and name change decision were made after serious consideration
with structural planning by management. The management believes the consol idation
will increase Tymbal Resources’ competitiveness in the stock ma rket and be more
attractive to potential share holders.
As a result of the consolidation, the Company’s currently issued and outs tanding
53,826,273 common shares will be reduced to 17,942,091 common shares. No fraction
common shares will be issued as a result of the consolidation. Instea d, any fractional
common shares will be rounded down to the nearest whole number of common s hares.
The Company’s new CUSIP number is 649017100 and its new ISIN (international
securities identification number) is CA6490171007.
Registered shareholders will receive a letter of transmittal from the Company with
information on how to exchange their old share certificate representing preconsolidation
common shares with the new share certificates representing postcons olidation common
shares. The Company’s transfer agent, Computershare Trust Company of C anada will
forward to each registered shareholder who has provided the required do cuments a new
share certificate representing the number of postconsolidation common s hares to which
the shareholder is entitled. Until surrendered, each share certifi cate representing
preconsolidation common share of Tymbal Resources will be deemed for al l purposes to
represent the number of whole postconsolidation common shares to which the hol der is
entitled as a result of the consolidation. The consolidation and name change are subject to
final acceptance by the TSX Venture Exchange.
Tymbal Resources Ltd. was incorporated under the Canada Business Corporations Act on
June 10, 1980, and has continued as a company under the Business Corporations Act of
British Columbia. The Company’s business objectives are the exploration and evaluation
of mineral properties in Canada. The Company is listed on the TSX Vent ure Exchange
and is in the process of exploring its mineral properties.
Tymbal Resources Ltd.
Per: “Sammy Cheng”
Sammy Cheng
Director
(604) 662-8130
Not for distribution to the United States newswire services or for dissemination in the United States.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of th e securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Secur ities Act”) or any states securities laws and may n ot be
offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securitie s Act
and applicable state securities laws or an exemption from such registration is available.
“Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."