×

Tele-Find Technologies Corp. Announces a Share Consolidation and Name Change

TORONTO, April 02, 2018 (GLOBE NEWSWIRE) -- Tele-Find Technologies Corp. (the “Company” or “Tele-Find”) announces that, at its annual and special general meeting held on December 20, 2017, shareholders approved the name change of the Corporation to Rigel Technologies Inc. (the “Name Change”) and the consolidation of its issued and outstanding common shares based on ten (10) pre-consolidation shares for one (1) post consolidation share (the “Share Consolidation”) of Rigel Technologies Inc. (“Rigel”). The Company has filed Articles of Amendment effective March 13, 2018, effecting the Name Change and the Share Consolidation.

Tele-Find has filed the letter of transmittal on www.sedar.com, on March 29, 2018; it is available on the Company's SEDAR profile at www.sedar.com.

The letter of transmittal describes the process by which shareholders may obtain new certificates representing their consolidated common shares. Shareholders are requested to deliver original old share certificates along with the completed Transmittal letter by courier or in person to TSX Trust Company, 301-100 Adelaide Street West, Toronto ON M5H 4H1; Attention: Rosa Vieira, Senior Relationship Manager. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not need to complete a letter of transmittal. No fractional shares will be issued under the share consolidation, and any fraction will be rounded to the nearest whole number. Following the consolidation, the resulting issuer will have 1,524,800 common shares issued and outstanding. All outstanding options of the Company will be adjusted accordingly to reflect the share consolidation.

The new ISIN number is CA76656J1057 and the new CUSIP number is 76656J105.

FOR FURTHER INFORMATION CONTACT:

Jeremy Rozen
President and CEO
Email: rozenjb@gmail.com
T: 905-883-9602

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source:Tele-Find Technologies Corp.