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| | December 02, 2009
High Ridge Resources Inc. Announces Proposed Share Consolidation
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| | Vancouver, B.C., December 2, 2009 - High Ridge Resources Inc. ("High Ridge" of the "Company") (TSX.V: HRR; FSE: HR2) today announced that the directors have proposed that shareholders approve a special resolution to consolidate the issued and outstanding shares on a four (4) old for one (1) new basis. The purpose of the proposed share consolidation is to facilitate access to capital. If approved by shareholders at the annual and special meeting to be held on December 18, 2009, and accepted by the TSX Venture Exchange, the 40,977,070 common shares which are currently issued and outstanding will be consolidated into 10,244,267 common shares. The directors of the Company may, in their discretion, also change the name of the Company concurrently with completion of the share consolidation.
About High Ridge Resources Inc.:
High Ridge is focused on large scale exploration projects. The company has two advanced exploration projects in British Columbia; the Chuchi property (Cu-Au porphyry) 30 km NW of Terrane's Mt. Milligan project; and the Newton Mountain property (Au-Cu porphyry) 35 km N. of Taseko Mine's Prosperity (formerly Fish Lake) Au-Cu project.
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.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
For investor inquiries, contact:
Gary Anderson, President & CEO
High Ridge Resources Inc.
gary@highridgeresources.ca
604.644.4247
www.highridgeresources.ca |
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| | You can view the Next News Releases item: Wed Dec 9, 2009, High Ridge Resources Inc. Newton Project Update
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