EDMONTON, ALBERTA--(Marketwire - Jan. 23, 2013) - Northern Tiger Resources Inc. ("Company") (TSX VENTURE:NTR) announces that it is consolidating its share capital as approved by shareholders at the Annual and Special Meeting held on January 15, 2013. The Company will trade on a consolidated basis of one new Class "A" common share for every two Class "A" common shares currently issued and outstanding. The TSX Venture Exchange has accepted notice of the consolidation and the Class "A" common shares will begin trading on a consolidated basis January 25, 2013. The Company's name and trading symbol will remain the same. On a post-consolidated basis, there will be 57,767,824 Class "A" common shares issued and outstanding.
Letters of transmittal with respect to the consolidation will be mailed out to all registered shareholders on or about January 25, 2013. All registered shareholders of the Company will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to the Company's transfer agent, Valiant Trust Company, in accordance with the instructions provided in the letter of transmittal.
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon, where it has a strong portfolio of projects. Drilling has intersected 4.6 g/t gold over 35.0 metres (including 106.2 g/t gold over 1.0 metre) at the Company's flagship 3Ace Project in southeast Yukon. The Sonora Gulch copper-gold-silver porphyry project in central Yukon also has also returned significant drill results, including 0.45 g/t gold and 3.0 g/t silver over 234.0 metres.
This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.