Tytan Holdings, Inc. Announces New Corporate Share Structure
April 04 2012 - 8:30AM
Marketwired
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.
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20121079360&masterFileId=19871288462
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').'"
For the Safe Harbor statement please visit our website at:
http://www.tytantractor.com/comparison.html
Company Contact: Tytan Holdings, Inc.
stockinquiry@tytantractor.com
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