Convertible Noteholder Banned to Trade Penny Stocks, No Conversions, Tamino Minerals, Inc. Commences Litigation
Toronto, May 13, 2021 - Tamino Minerals Inc. (OTC Pink: TINO) ("Tamino" or the "Company") has been informed that the Securities and Exchange Commission "SEC" has prohibited this Convertible Noteholder "Noteholder" from trading so-called "Penny Stocks". Therefore, they will not be in a position to convert the Note that they currently hold into shares. Therefore, Tamino will have no conversions at all as it had been posting on Social Media.
Back in 2014, Tamino Minerals Inc. entered a two staged financing with Noteholder consistent of a Direct and an Indirect component and because of their trading ban they will not be able to complete any further transactions.
The Company will provide further details as the litigation proceeds and we will be seeking punitive damages in this litigation.
Government regulators are providing good oversight of the Penny Stock Market. We are hereby making this Material Information available to our shareholders as we move towards becoming Pink Current Information in order to access a much higher Financial Reporting Tier.
The Company will soon be disclosing additional information regarding its ongoing Geological Exploration activities.
Tamino Minerals Inc. is exploring for high-grade gold deposits within a prolific gold producing geologic state, Sonora.
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On behalf of the Board,
Pedro Villagran-Garcia, President & CEO
Tamino Minerals Inc.
www.taminomineralsinc.com
For further information, please contact the Company at 1-307-212-4657 or by email at info@taminominerals.ca
Forward-Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
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