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Re: News - Monday, October 26, 2009
SHAREHOLDERS APPROVE SHARE CONSOLIDATION
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Vancouver, BC, October 26, 2009 -- International KRL Resources Corp. (TSXV:IRK) (the" Company") today announced that following the Annual General Meeting held on October 20, 2009, the current directors of the Company, Seamus Young, Shaun Maskerine, and Clifford Frame were all reelected by the majority of the shareholders. In addition, Manning Elliot, LLP, Chartered Accountants, were appointed auditors of the Corporation and the incentive share option plan was renewed per the Management Information Circular..
The shareholders also approved the special resolution to consolidate the issued and outstanding common shares of the Company on a basis of up to one (1) new common share for fifteen (15) old common shares. The Board of Directors was granted the authority to reduce the consolidation ratio and to use their discretion with respect to the implementation of the consolidation, if at all.
International KRL Resources Corp. is a mineral exploration company engaged in the acquisition, exploration and advancement of Canadian mineral properties. It has a significant property portfolio prospective for uranium, base metals and precious metals. For more information on the Company and the properties please visit www.krl.net and www.sedar.com websites.
For further information contact:
International KRL Resources Corp.
Mr. Seamus Young, President & CEO
Suite 1640 - 1066 West Hastings Street
Oceanic Plaza, Box 12543
Vancouver, BC V6E 3X1
Telephone: (604) 689-0299 Fax: (604) 689-0288
Email: info@krl.net Web Page: www.krl.net
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.
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Copyright (c) 2009 INTERNATIONAL KRL RESOURCES CORP. (IRK) All rights
reserved. For more information visit our website at
http://www.krl.net/ or send mailto:info@krl.net
Message sent on Fri Oct 23, 2009 at 4:51:17 PM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : IRK.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
International KRL Res. is a zinc and lead exploration company based in Canada. International KRL Res. holds various exploration projects in Canada. Its main exploration properties are COPPER HILL, COPPER HILL, DECKER, WOLF PROPERTY, BEAR RIVER, NOR (IOCG), TIM/WOLF, CASSIAR PLATEAU, CLUFF LAKE (CARSWELL) and U CLAIMS URANIUM PROJECT in Canada. International KRL Res. is listed in Canada and in United States of America. Its market capitalisation is 711 633 as of today (US$ 709 285, € 477 490). Its stock quote reached its highest recent level on December 31, 2002 at 1.05, and its lowest recent point on December 04, 2009 at 0.01. International KRL Res. has 47 442 200 shares outstanding. |