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Transpacific Completes Consolidation and Name Change
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Transpacific Completes Consolidation and Name Change
LONDON, ONTARIO / ACCESS Newswire / October 15, 2025 / Transpacific Resources Inc. ("Transpacific " or the "Company") is pleased to announce that, further to its press release of October 2, 2025, the Company has filed articles of amendment to change its name to "Treasure Oakes Resources Inc." (the "Name Change") and consolidate its issued and outstanding common shares on the basis of twenty (20) pre-consolidation common shares for one (1) post-consolidation common share (20:1) (the "Consolidation"). The Name Change and Consolidation were approved by shareholders of the Company at its annual general and special meeting held on August 7, 2025. The Company has obtained a new CUSIP number (894632108) and ISIN number (CA8946321087) to replace the previous CUSIP and ISIN numbers.
The Consolidation has reduced the number of issued and outstanding common shares from 262,003,985 to approximately 13,099,306. Shareholders' proportional ownership in the Company has remained unchanged following the Consolidation. No fractional common shares were issued as a result of the Consolidation. If, as a result of the Consolidation, a shareholder would receive less than one whole post-Consolidation common share, the number of post-Consolidation common shares issued to the shareholder has, without any additional compensation, been rounded down to the next whole number of common shares. No cash consideration has been paid in respect of fractional common shares.
Registered shareholders who held physical share certificates as of October 8, 2025 (the "Record Date") will receive a letter of transmittal ("LoT") by mail requesting that they forward pre-Consolidation share certificates to the Company's transfer agent, Marrelli Trust Company Limited, in exchange for share certificates or Direct Registration System statements representing their post-Consolidation common shares. Shareholders who hold their common share through a broker or other intermediary and do not have common shares registered in their own name will not be required to complete a LoT. A copy of the LOT will be posted on the Company's profile on SEDAR+ at www.sedarplus.ca.
About Treasure Oakes Resources Inc.
Treasure Oakes Resources Inc. is a Canadian-based mineral exploration company focused on the mineral exploration of properties in Northern Ontario and Quebec, Canada. Additional information about the Company is available at www.treasureoakes.com.
For more information, please contact:
Dr. Jim Renaud, Chief Executive Officer and Director
ON BEHALF OF THE BOARD OF DIRECTORS
Jim Renaud, PhD, P.Geo.
Chief Executive Officer
E: [email protected] T: 519-808-3618
Caution Regarding Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
SOURCE: Transpacific Resources Inc
View the original press release on ACCESS Newswire
V.Watson--SMC
