Talisker Announces Share Consolidation
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 1T1
TSK
TSKFF
TSX OTCQX
Talisker Announces Share Consolidation
Toronto, Ontario, August 29, 2023 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX:TSK |
OTCQX:TSKFF) announces that the Company’s board of directors has approved consolidating (the
“Consolidation”) its common shares (“Shares”) on the basis of one post-consolidation Share for every five
pre-consolidation Shares, effective September 1, 2023 (the “Effective Date”).
The Consolidation is subject to approval by Toronto Stock Exchange (the “TSX”) and follows approval of a
consolidation of the Shares on the basis of a range of up to five pre -consolidation Shares for every one
post-consolidation Share at the annual and special meeting of shareholders of the Company held on June
29, 2023. As a result of the Consolidation, the number of issued and outstanding Shares will be reduced
from 384,856,151 to approximately 76,971,230, subject to adjustment for rounding. No fractional shares
will be issued in connection with the Consolidation. If a holder of Shares would otherwise be entitled to a
fraction of a share, then the number of post- Consolidation Shares issuable to such shareholder shall be
rounded down to the next lower whole number. No cash consideration will be paid in respect of fractional
shares. The exercise or conversion price and/or the number of Shares issuable under any of the Company’s
outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.
The Shares will continue to trade on the TSX under the symbol “TSK” and on the OTCQX under the symbol
“TSKFF” on a post-Consolidation basis, under a new CUSIP number - 87425A887. The Shares are expected
to begin trading on a post -consolidation basis on the TSX when markets open on or about Wednesday,
September 6, 2023.
Shareholders of record as of the Effective Date will receive a letter of transmittal from TSX Trust Company,
the transfer agent for the Shares, providing instructions for the exchange of their Shares as soon as
practicable following the Effective Date. Until surrendered, each share certificate representing pre -
Consolidation Shares will represent the number of whole post-Consolidation shares to which the holder
is entitled as a result of the Consolidation.
For further information, please contact:
Terry Harbort
President and CEO
+1 416 361 2808
Matt Filgate
Vice President, Corporate Development
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects
in British Columbia, Canada. Talisker’s projects include the Bralorne Gold Comp lex and the Ladner Gold
Project, both advanced stage projects with significant exploration potential from historical high -grade
producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the
emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects. With its properties
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comprising 291,392 hectares over 487 claims, three leases and 197 crown grant claims, Talisker is a
dominant exploration player in south-central British Columbia.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance and include statements regarding : the timing
of the Consolidation, including the Effective Date; the effect of the Consolidation on the Company’s capital
structure, including the number of Shares outstanding after the Consolidation; the treatment of fractional
shares; and the expected trading date of the post-Consolidation Shares on the TSX. The use of any of the
words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and
statements relating to matters that are not historical facts are intended to identify forward -looking
information and are based on Talisker’s current belief or assumptions as to the outcome and timing of
such future events. Various assumptions or factors are typically applied in drawing conclusions or making
the forecasts or projec tions set out in forward -looking information. Those assumptions and factors are
based on information currently available to Talisker. Although such statements are based on reasonable
assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will
prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward -looking information. Such
factors include risks relating to general business, economic, competitive, policy and social uncertainties,
and risks relating to the failure to receive all requisite regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is
not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.