Salmon River Arranges Debt Settlement
28 11월 2011 - 11:50AM
Marketwired
Salmon River Resources Ltd. ("Salmon River" or the "Company") (TSX
VENTURE:SAL) is pleased to announce that it has, subject to the
approval of the TSX Venture Exchange, agreed to settle indebtedness
of $600,000 by the issuance of 1,714,285 shares of the Company at a
price of $0.35 per share. This amount was previously to have been
settled by the issuance of shares of the Company, but was withdrawn
by the Company while the Company addressed comments from the TSX
Venture Exchange in respect of the settlement (see news releases
dated February 14, 2011 and August 22, 2011).
About Salmon River Resources Limited (TSX VENTURE:SAL)
Salmon River Resources Limited is a mineral exploration company
engaged in the exploration for and development of commercial
deposits of iron ore in Western Australia. It holds an exclusive
option to acquire the Mt. Manning project located in the Yilgarn
region of Western Australia, approximately 210 kilometres northwest
of Kalgoorlie. Salmon River believes the project has the potential
to be a world-class iron ore deposit with early development
potential. The shares of Salmon River are listed on the TSX Venture
Exchange under the symbol "SAL". For further information see our
website at www.salmonriverresources.com.
On behalf of the Board of Directors of SALMON RIVER RESOURCES
LTD.
J.G. Stewart, President
Neither 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.
Contacts: Salmon River Resources Ltd. Jim Stewart President +1
(604) 633.4290 (Vancouver)jstewart@salmonriverresources.com Salmon
River Resources Ltd. Garry Stein Director +852 9858.0029 (Hong
Kong)gstein@salmonriverresources.comwww.salmonriverresources.com
Salmon River Resources Ltd. (TSXV:SAL)
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