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TUS

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Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:TUS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Tuscany Energy Ltd. Announces Approval of 2 for 1 Stock Split

02/05/2014 5:06pm

Marketwired Canada


Tuscany Energy Ltd. ("Tuscany") (TSX VENTURE:TUS) is pleased to announce that
its proposed two (2) for one (1) stock split (the "Stock Split") of its
outstanding common shares was approved by shareholders at the annual and special
meeting of shareholders of Tuscany held on April 30, 2014. 


The Stock Split will be implemented by way of a stock dividend whereby Tuscany
shareholders will receive one common share for each common share held. There are
currently 19,331,495 common shares outstanding. Accordingly, adjusting for the
Stock Split, there will be 38,662,990 Tuscany common shares outstanding.


The record date for the stock dividend is May 2, 2014 and the payment date will
be May 7, 2014. Tuscany's common shares will be traded in accordance with the
"due bill" procedures of the TSX Venture Exchange from May 2 through May 6,
2014. This means any trades of Tuscany common shares that are executed on the
TSX Venture Exchange during this period will be identified to ensure purchasers
of Tuscany's common shares receive the entitlement to the stock dividend.
Tuscany's common shares are expected to begin trading on the TSX Venture
Exchange on a post-Stock Split or stock dividend basis on May 7, 2014. 


Tuscany is undertaking the Stock Split to enhance the liquidity of the common
shares and more closely align its capital structure with that of its peers. 


Tuscany shareholders, with or without a physical share certificate, do not need
to take any action with respect to the Stock Split. Tuscany's transfer agent
will send registered owners of Tuscany common shares a DRS advice form or share
certificate, which will represent the additional number of common shares that
they are receiving as a result of the Stock Split.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tuscany Energy Ltd.
Robert W. Lamond
President & CEO
(403) 269-9889


Tuscany Energy Ltd.
Charles (Tony) A. Teare
Vice President Finance & CFO
(403) 269-9889

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