TORONTO, ONTARIO--(Marketwired - May 3, 2017) - Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ)(ASX:TGZ) is pleased to announce that the 1 for 5 consolidation of its common shares ("Common Shares") that was approved at the recent annual and special meeting of shareholders of the Company ("Shareholders"), will be effective on May 5, 2017. The Common Shares are expected to commence trading on the Toronto Stock Exchange on a post-consolidation basis on May 8, 2017.
Information for Holders of Common Shares
The Company will shortly mail a letter of transmittal ("Letter of Transmittal") to its registered holders of Common Shares which must be completed and returned to Computershare Investor Services Inc. ("Computershare") at the address specified in the Letter of Transmittal, together with their share certificates for the pre-consolidation Common Shares, in order to receive share certificates for the relevant number of post-consolidation Common Shares to which they are entitled to receive. Questions on how to complete the Letter of Transmittal, or requests for additional copies of the Letter of Transmittal, may be directed to Computershare at 1-800-564-6253 or by e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.. A copy of the Letter of Transmittal may also be obtained from the SEDAR website at www.sedar.com or from the Company's website at www.terangagold.com.
Shareholders that hold their Common Shares through a broker, trust company or other intermediary do not need to complete and submit a Letter of Transmittal, as their intermediary will make arrangements on their behalf for their accounts to be updated for the relevant number of post-consolidation Common Shares that they beneficially hold, or Chess Depository Interests ("CDI's"), as applicable.
Information for Holders of Chess Depository Interests
Holders of CDI's do not need to complete and submit a Letter of Transmittal, as their intermediary will make arrangements on their behalf for their accounts to be updated for the relevant number of post-consolidation CDI's that they beneficially hold. Teranga advises the key dates for the consolidation for holders of CDIs listed on the ASX are as follows:
| Key Event | Indicative Date |
| Last day for trading in pre-Consolidation CDIs | 5 May 2017 |
| Trading in post-Consolidation CDIs on a deferred settlement basis commences | 8 May 2017 |
| Last day for Computershare Australia to register transfers on a pre-Consolidation basis (Record Date) | 9 May 2017 |
| First day for Computershare Australia to send notice of consolidation to each CDI holder | 10 May 2017 |
| First day for Computershare Australia to register CDIs on a post-consolidation basis | |
| First day for issue of holding statements and new certificates | |
| Issue date. Deferred settlement market ends. | 16 May 2017 |
| Last day for CDIs to be entered into the CDI holders holdings | |
| Last day for Computershare Australia to send notice of consolidation to each CDI holder |
Teranga will notify the market if there are any changes to these timetables.
About Teranga
Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 5,000km2 of land located on prospective gold belts.
Since its initial public offering in 2010, Teranga has produced more than 1.2 million ounces of gold from its operations in Senegal. Following its recent acquisition of Gryphon Minerals, the Company is fast-tracking the completion of a feasibility study for the Banfora Project. Concurrent with its production and development activities, exploration programs are underway to seek to increase the Company's reserve base through resource conversion and making new discoveries. Teranga has a strong balance sheet and the financial flexibility to continue to grow its business.
Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report. The Company's 2015 responsibility report, which is available at www.terangagold.com/2015responsibilityreport, is prepared in accordance with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative guidelines.
