Tumi Resources Limited (TM.V) proposes to undertake a
non-brokered private placement financing of up to 12,500,000 units
at $0.05 per unit to raise gross proceeds of $625,000. Directors
and Officers of the Company will be participating in the private
placement financing. Each Unit will consist of one common share and
one common share purchase warrant. The funds raised will be used to
fund further work on the Company's projects in Sweden and Mexico,
and for general working capital purposes.
Tumi also proposes to consolidate its share capital on a four
(old) for one (new) share basis. The Company will seek the approval
of its shareholders at a special general meeting to be held on
February 21, 2013. The proposed consolidation will be undertaken
after closing of the private placement financing.
Tumi also also announced the appointment of Scott Emerson as a
director of the Company. Emerson brings to the Company over 26
years of experience in the junior resource capital markets.