Tytan Holdings, Inc. Announces New Corporate Share Structure
(firmenpresse) - KALAMA, WA -- (Marketwire) -- 04/04/12 -- Tytan Holdings, Inc. ("the Company") (PINKSHEETS: TYTN) is pleased to announce that FINRA has approved a 1:150 reverse split of all of its common shares, both authorized and issued. This means that every 150 common shares authorized and outstanding will be replaced with one (1) new common share. The share price will start at 150 times yesterday's closing price of $.0002 or $.03 per share.
The new corporate share structure as of today is:
Authorized: 43,333,334
Issued: 36,703,097
Float: 31,221,671
The stock will trade as TYTND for the next twenty days per FINRA rules. Individual investors should contact their respective brokers to answer questions pertaining to their holdings.
The Company has filed with the State of Colorado for a voluntary reduction of its authorized common share count. "This was just the right thing to do," said CEO Mark Leonard. The Company sees this as a move toward strength and a better position for growth. "With upcoming business announcements and upward sales movement last quarter, things look very promising," remarked Leonard.
See Articles of Amendment of Tytan Holdings, Inc., Paragraph 2. "Article II Section (B) shall be amended to state: 'Forty-Three Million Three Hundred Thirty-Three thousand Three Hundred Thirty-Four (44,333,334) common shares, $001 parvalue ('Common Stock').'"
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Tytan Holdings, Inc.
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Datum: 04.04.2012 - 06:30 Uhr
Sprache: Deutsch
News-ID 1100021
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Equipment & Supplies
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