The Tinley Beverage Company Inc. Announces Completion of Change and Consolidation
14.10.2015 | Marketwire
TORONTO, ONTARIO -- (Marketwired - Oct. 14, 2015) - The Tinley Beverage Company Inc. ("Tinley" or the "Company") is pleased to announce that effective October 6, 2015 has completed the name change from "Quia Resources Inc." to "The Tinley Beverage Company Inc." and has completed the consolidation of issued and outstanding common share in the capital of the Company on the basis of 1:5.In addition, the Company wishes to correct the amount of shares issued pursuant to the Debt Settlement announced in the press release dated July 7, 2015. The Company has completed the conversion of $608,410.74 of debt into 50,700,895 common shares in the capital of Company ("Common Shares") at a price of $0.012 per Common Share on pre-Consolidation basis, or 10,140,179 Common Shares at a price of $0.06 per Common Shares on post-Consolidation basis.
As of the date hereof, after giving effect to the Debt Settlements, Debenture Settlements, Private Placement and Consolidation, the Company has 27,043,813 Common Shares, 5,008,710 Share Purchase Warrants and 274,000 Stock Options, issued and outstanding.
Forward-Looking Statements
This press release contains or refers to forward-looking information, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
Neither the TSX Venture Exchange, nor the Canadian Securities Exchange nor their Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
The Tinley Beverage Company Inc.
Jeff Maser, Director
jeff@drinktinley.com