|September 02, 2014|
Ituna Capital Corp. Changes Name To Tarku Resources Ltd. And Changes Trading Symbol
|Cranbrook, BC - Ituna Capital Corp. (TSX-V: TUN) ("Ituna") is pleased to report that all resolutions proposed by management were approved at the Annual General Meeting of shareholders held on August 18, 2014 including the following:|
Name Change to Tarku Resources Ltd. and New Trading Symbol
Ituna is pleased to announce that it has received shareholder and regulatory approval to change its name to Tarku Resources Ltd. ("Tarku" or the "Company"). The Ituna shares have now been delisted and the Company began trading under the new name on August 28, 2014 under the new symbol TKU ("TKU").
The Company is pleased to announce that Bernard Kennedy, Jason Weber, Timothy Termuende and Tom MacNeill were appointed directors of the Company.
Stock Option Plan and Shareholder Rights Plan
Shareholders of the Company approved a 10% Rolling Stock Option Plan as well as a Shareholder Rights Plan. Both plans can be viewed on the Company's website at http://www.tarkuresources.com/s/Governance.asp.
The motion for continuance of the corporation into Alberta has also met with shareholder approval.
About Tarku Resources Ltd.
Tarku Resources Ltd. is a Canadian exploration company focused on Uranium exploration in the prolific Athabasca Basin in Northern Saskatchewan. The company continues to build a significant Uranium exploration portfolio. Tarku's initial focus has been strategically located properties along the Virgin River Shear Zone including the Tarku property that is within 25 and 45 km of Cameco's Dufferin Lake and Centennial Deposits.
On behalf of the Board of Directors,
TARKU RESOURCES LTD.
Per: "Bernie Kennedy"
Bernie Kennedy, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements The information in this press release includes certain "forward-looking statements". All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from TKU's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological testing and the estimation of reserves and resources; the need for cooperation of government agencies and First Nations groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. TKU's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. TKU assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should change.
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