Tumi Announces Private Placement, Consolidation and Appointment of New Director
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.
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