Red Hill Energy Inc.
P R E S S R E L E A S E
Trading Symbol: RH. TSX-V July 13, 2009
RED HILL ENERGY
SHAREHOLDERS OVERWHELMINGLY SUPPORT ULAAN OVOO / FALCON MINING MONGOLIAN,
TRANSACTION
Vancouver,
British Columbia, July 13, 2009: Red
Hill Energy (TSX-V symbol RH) announced today that during
its Annual General Meeting held at the Company's offices on July 10th,
2009 its shareholders voted over 99% in favour of the Red Hill Energy /
Falcon Mining transaction on Red Hill Energy's Ulaan Ovoo coal project
(see Red Hill news June 15th, 2009). The transaction remains subject to
the approval of the TSX Venture Exchange.
The
Ulaan Ovoo / Falcon Mining transaction represents less than 20% of
Red Hill Energy's total tonnes of Mongolian coal The Company will now
focus full attention on advancing and developing its remaining Mongolian
coal assets.
Red
Hill Energy also continues to review other opportunities for significant
growth within Mongolia
as well as other regions worldwide.
ABOUT RED HILL ENERGY INC.
Red
Hill Energy Inc. is a junior resource company trading on the TSX-Venture
Exchange under the trading symbol RH. Red Hill has a pending US$ 30
million transaction on its Mongolian Ulaan Ovoo coal project and is
advancing two additional large Mongolian coal projects. Red Hill has a
full-time office in Mongolia's
capital, Ulaanbaatar.
Red
Hill Energy Inc.
G. Arnold Armstrong
- Chairman and CEO
Ranjeet Sundher -
President
For further information: Paul McKenzie (Director)
Telephone 604.642.COAL
(2625)
Email: info@redhillenergy.com
www.redhillenergy.com
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.
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