/NOT FOR DISTRIBUTION TO UNITED
STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES. FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF SECURITIES
LAWS./
CALGARY,
AB, Dec. 11, 2024 /CNW/ - Tuktu Resources
Ltd. ("Tuktu" or the "Company") (TSXV: TUK) is
pleased to announce that it has received approval of the TSX
Venture Exchange (the "TSXV") for the supplemental listing
of 55,832,402 common share purchase warrants of the Company (the
"Warrants") issuable pursuant to the Company's previously
announced prospectus offering (the "Offering") of units of
the Company ("Units"). An aggregate of 111,664,805 Units
were issued in connection with the closing of the Offering on
November 21, 2024, with each Unit
consisting of one (1) common share ("Common Share") in the
capital of the Company and one-half of one (1/2) Common Share
purchase warrant (each whole warrant, a "Warrant")
Each Warrant entitles the holder thereof to acquire one (1)
Common Share at an exercise price of $0.13 per Warrant Share at any time prior to
5:00 p.m. (Calgary time) on November 21, 2026. The Warrants are governed by a
warrant indenture between the Company and Computershare Trust
Company of Canada, as warrant
agent, dated November 21, 2024 (the
"Warrant Indenture"). The Warrants are expected to commence
trading on the TSXV under the symbol "TUK.WT" as of market open on
or about December 16, 2024.
For more information about the Offering and the Warrants, please
refer to the Company's news release dated November 21, 2024, and the Warrant Indenture,
each of which are accessible under the Company's profile on SEDAR+
at www.sedarplus.ca.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor shall there be any sale
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities being
offered have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended (the "1933
Act"), or under any U.S. state securities laws, and may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the 1933 Act, and applicable U.S.
state securities laws.
About Tuktu Resources Ltd.
Tuktu is a publicly traded junior oil and gas development
company headquartered in Calgary,
Alberta with producing oil and gas properties in southern
Alberta. For additional
information about Tuktu please contact:
Tuktu Resources Ltd.
960, 630 –
6th Avenue S.W.
Calgary, Alberta T2P 0S8
ADVISORIES
Certain information contained in the press release may
constitute forward-looking statements and information
(collectively, "forward-looking statements") within the meaning of
applicable securities legislation that involve known and unknown
risks, assumptions, uncertainties and other factors.
Forward-looking statements may be identified by words like
"anticipates", "estimates", "expects", "indicates", "intends",
"may", "could" "should", "would", "plans", "target", "scheduled",
"projects", "outlook", "proposed", "potential", "will", "seek" and
similar expressions (including variations and negatives thereof).
Forward-looking statements in this press release include statements
regarding, among other things: Tuktu's business, strategy,
objectives, strengths and focus; and the anticipated listing of the
Warrants on the facilities of the TSXV and timing thereof. Such
statements reflect the current views of management of the Company
with respect to future events and are subject to certain risks,
uncertainties and assumptions that could cause results to differ
materially from those expressed in the forward-looking statements.
With respect to forward-looking statements contained in this press
release, the Company has made assumptions regarding, among other
things: the success of future drilling; commodity prices; future
exchange and interest rates; supply of and demand for commodities;
inflation; the availability of capital on satisfactory terms;
conditions in general economic and financial markets; access to
capital; the ability of the Company to implement its business
strategies and complete future acquisitions; the Company's long
term business strategy; and effects of regulation by governmental
agencies. Factors that could cause actual results to vary from
forward-looking statements or may affect the operations,
performance, development and results of the Company's businesses
include, among other things: risks and assumptions associated with
operations, such as the Company's ability to successfully implement
its strategic initiatives and achieve expected benefits;
assumptions concerning operational reliability; risks inherent in
the Company's future operations; and other general economic and
business conditions and markets and such other similar risks and
uncertainties. For a more fulsome discussion, please refer to the
Company's latest annual information form and management discussion
and analysis, which are available on the Company's SEDAR+ profile
at www.sedarplus.ca. The impact of any one assumption, risk,
uncertainty or other factor on a forward-looking statement cannot
be determined with certainty, as these are interdependent and the
Company's future course of action depends on the assessment of all
information available at the relevant time. The forward-looking
statements contained in this press release are made as of the date
hereof and the parties do not undertake any obligation to update or
revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so
required by applicable securities laws.
All amounts in this press release are stated in Canadian dollars
unless otherwise specified.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE Tuktu Resources Ltd.
