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CALGARY, ALBERTA--(Marketwire - May 27, 2009)
- Kirrin Resources Inc. (TSX VENTURE:KYM) (formerly Monroe Minerals
Inc.) (TSX VENTURE:MMX) (the "Company"), today reported that
it has implemented the resolutions approved at the Annual General and
Special Meeting of shareholders held on May 1, 2009 for a change in
name to "Kirrin Resources Inc." ("Kirrin") and a
consolidation of the issued shares on a 10:1 basis. Effective today,
May 26, 2009, the Company will trade on the TSX Venture Exchange under
the name Kirrin Resources Inc. and on a consolidated basis. Its trading
symbol will change from MMX to KYM. The Company's website address will
change from www.monroeminerals.com to www.kirrinresources.com by
June 4, 2009.
Registered shareholders of the Company are required to deliver their
existing common share certificates (the "Old Common Shares")
to the Company's registrar and transfer agent, Computershare Trust
Company of Canada ("Computershare"), which will exchange the
Old Common Shares for new common share certificates of Kirrin (the
"New Common Shares"). To receive New Common Shares,
registered shareholders should follow the instructions set out in the
Letter of Transmittal and send their Old Common Shares, together with
the Letter of Transmittal, to Computershare. Computershare will then
deliver, or hold for pick up, the New Common Shares to which each
registered shareholder is entitled, in accordance with the instructions
given in the Letter of Transmittal.
Beneficial shareholders (i.e. shareholders whose shares are held
through a brokerage account) are requested to contact their brokers for
necessary coordination of the distribution of the New Common Shares to
which they are entitled.
Kirrin is engaged in uranium exploration in Newfoundland & Labrador
and in the expansion of its portfolio through acquisition, merger,
strategic partnership or joint venture. Its strategy is well defined:
enhancing shareholder value by combining technical expertise, corporate
development skills and professional management. The Company's shares
are listed for trading on the TSX Venture Exchange under the symbol KYM
as of Tuesday, May 26, 2009. For more information, until June 4, 2009,
please visit www.monroeminerals.com.
Thereafter, please visit www.kirrinresources.com.
To receive company news releases via e-mail, please advise catarina@chfir.com and
specify "Kirrin News" in the subject line.
Forward-looking information: Except for statements of historical fact,
all statements in this news release, including, without limitation,
regarding the consolidation of the Company's shares and a change to the
name of the Company, constitute forward-looking information which
involves risks and uncertainties. There can be no assurance that such
statements will prove to be accurate; actual results and future events
could differ materially from those expressed or implied by such
forward-looking information. Risks include delays in obtaining or
failure to obtain regulatory approval. Except as required by applicable
securities legislation, the Company undertakes no obligation to
publically update or revise forward-looking information, whether as a
result of new information, future events or otherwise.
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.
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