SOURCE: TNFG Corporation

August 15, 2011 16:00 ET

TNFG Corporation Announces Payment Date for Final Distribution

DALLAS, TX--(Marketwire - Aug 15, 2011) - TNFG Corporation, formerly Terra Nova Financial Group, Inc. (PINKSHEETS: TNFG), today announced that its Board of Directors has approved the final dissolution distribution (the "Final Liquidating Distribution") payment in the amount of $0.103 per outstanding common share. The Final Liquidating Distribution will be payable on August 19, 2011. The Company's stock transfer books will be closed as of the close of business on August 18, 2011 and it is anticipated that the last day of trading of the Company's common stock on the Pink OTC Markets Inc. quotation service will be August 18, 2011.

The Company will make no further distributions beyond the Final Liquidating Distribution. Shareholders holding certificates representing their shares ("Certificated Shareholders") must return their share certificates to the Company's transfer agent in order to receive the Final Liquidating Distribution. Certificated Shareholders will be sent specific instructions on how to surrender their shares. For shares held through book-entry, the liquidating distributions will be paid automatically.

Forward-looking statements

Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and other laws and regulations. Such forward-looking statements involve known and unknown risks and other important factors that could cause the actual results or performance of the company to differ materially from any future results expressed or implied by such forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "will," "expect," "anticipate," "intend," "project," or other similar words, or the negative of these terms or comparable language, or by discussion of strategy or intentions. This cautionary statement is being made pursuant to applicable securities laws with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. The Company cautions investors that any forward-looking statements made by the Company are not guarantees or indicative of future performance and are qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from actual future experience involving any one or more of such matters. Such risks and uncertainties include unknown liabilities and claims; unanticipated expenses, or higher than expected expenses and costs in dissolving and winding up the Company's business. This press release speaks only as of its date, and except as required by law, the Company assumes no obligation to update or revise any forward-looking statements in this press release, whether as a result of new information, future events, or otherwise.

Contact Information

  • Press Contact:

    For TNFG Corporation
    Murrey Wanstrath