Torch River Resources Ltd.
TSX VENTURE : TCR
FRANKFURT : WNF
PINK SHEETS : TORVF

Torch River Resources Ltd.

November 25, 2011 12:00 ET

Torch River Consolidates Shares on Basis of Two (2) for One (1).

CALGARY, ALBERTA--(Marketwire - Nov. 25, 2011) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) announces that the Corporation will complete a share consolidation of its share capital as approved at its AGM of September 12, 2011 on the basis of one (1) post-consolidated common share for every two (2) pre-consolidated common shares effective at opening of trading on November 28th, 2011 and the Articles of Amendment will have been filed prior to that time in connection with the share consolidation. Management views are that the share consolidation will encourage more liquidity for the Corporation's common shares and will allow the Corporation greater opportunities for future financings. Prior to the share consolidation the Corporation has a total of 69,989,990 common shares issued and outstanding. As a result of the share consolidation, the Corporation will have approximately a total of 34,994,995 common shares issued and outstanding.

The Corporation will commence trading on a consolidated basis at the market open on Monday, November 28th, 2011 as set out in the TSX Venture Exchange acceptance bulletin dated November 24th, 2011.

Contact Information

  • Torch River Resources Ltd.
    William E. Pfaffenberger
    President and Chief Executive Officer
    (403) 444-6888
    www.torchriver.ca

    ProActive Communications Co.
    (604) 541-1995
    or toll free (800) 540-1995