Vancouver, BC, April 6, 2020 – Kal Minerals Corp. (“Kal” or the “Company”) (CSE: KAL) announces that Company will be changing its name from Kal Minerals Corp. to “Tarachi Gold Corp.” (the “Name Change”) and will trade under the symbol “TRG”. Concurrently with the Name Change, the Company will also complete a forward split of its issued and outstanding share capital on the basis of two post-split common shares for every pre-split common share (the “Split”). The new CUSIP number will be 89609L105 and the new ISIN number will be CA87609L1058.
The Split is subject to final confirmation by the Canadian Securities Exchange (the “CSE”). The record date for the Split is April 9, 2020 and it is expected that the post-Split common shares will begin trading on the CSE on April 13, 2020 under the name “Tarachi Gold Corp”. As a result of the split, the 9,483,000 common shares which are currently issued and outstanding will be increased to 18,966,000 common shares.
About Kal Minerals Corp.
The Company has entered into an option agreement whereby the Company has the right to acquire a 100% interest in the group of mining concessions known as the Tarachi project located in the Sierra Madre Gold Belt of Eastern Sonora, Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
“Martin Bajic”
Martin Bajic
Chief Financial Officer and Director
For further information, please contact Martin Bajic at 604-551-6770.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
