Tellza Announces Completion of Consolidation
TORONTO, ONTARIO–(Marketwired – June 16, 2016) – This release corrects and replaces the release sent for Tellza Communications Inc. on June 16 at 6:12 PM ET. The headline was incorrect and should have read “TELLZA ANNOUNCES COMPLETION OF CONSOLIDATION.” The complete and corrected release follows.
Tellza Communications Inc. (“Tellza” or the “Company”) (TSX:TEL) announced that it has completed the previously announced consolidation of its common shares on a one-for-fifteen basis. The common shares of Tellza will be posted for trading on the Toronto Stock Exchange on a consolidated basis at the opening of trading on Monday, June 20, 2016.
In accordance with the provisions of Letters of Transmittal previously mailed to shareholders, new share certificates representing the number of consolidated common shares to which a shareholder is entitled are now issuable to the shareholder by TMX Trust Company (formerly, Equity Financial Trust Company), at its principal offices in Toronto, in exchange for the shareholder’s completed Letter of Transmittal together with the shareholder’s pre-consolidated share certificates.
No fractional common shares will be issued. Where the consolidation results in a fractional share, the number of post-consolidation common shares will be rounded down to the nearest whole common share.
Tellza is a Technology Company operating in the Communication market. The business is organized into three business units: Tellza Communications, Tellza Technologies and Tellza Investments. Tellza Communications is a global communications company operating under several brands: Route Dynamix, Phonetime, Tel3, and MatchcoM. Tellza Technologies provides real time big data management tools for the telecommunications market. Tellza Investmentsseeks portfolio investment opportunities in various market places. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward-Looking Information:
This press release contains forward-looking statements, which may be identified by words like “expects”, “anticipates”, “plans”, “intends”, “indicates” or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza’s actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See www.sedar.com which contains all securities files.
Tellza Communications Inc.
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