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| | December 31, 2009
New High Ridge Resources Inc. Announces Change of Name and Share Consolidation
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| | Vancouver, B.C., December 31, 2009 - New High Ridge Resources Inc. ("New High Ridge" or the "Company") (TSX.V: NHR) announces that its change of name from "High Ridge Resources Inc." to "New High Ridge Resources Inc." in conjunction with a "one (1) new for four (4) old" share consolidation, will be effective January 1, 2010. Trading of the new shares will commence as of the opening of trading on the TSX Venture Exchange on January 4, 2010. The Company's new trading symbol is NHR, and its new CUSIP number is 64527P104.
The change of name and share consolidation were approved by shareholders at the Company's annual and special meeting held on December 18, 2009. As at the date of said annual and special general meeting, the Company had 40,977,070 common shares issued and outstanding, and now has 10,244,267 common shares issued and outstanding post-consolidation.
Letters of transmittal with respect to the name change and share consolidation will be mailed to all of the Company's registered shareholders shortly. All registered shareholders will be required to send the certificates representing their pre-consolidated common shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Computershare Investor Services Inc. in Toronto, Ontario, all in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare at 1-800-564-6253. All shareholders who submit a duly completed letter of transmittal along with their respective preconsolidated share certificate to Computershare will receive a post-consolidated share certificate under the new name.
Further details of the name change and share consolidation are contained in the Company's Information Circular dated November 19, 2009.
About New High Ridge Resources Inc.:
New 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
New High Ridge Resources Inc.
gary@highridgeresources.ca
604.644.4247
www.highridgeresources.ca |
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