Uranium Hunter Reduces The Amount Of Shares Issued And Outstanding By Over 60%
LAS VEGAS, April 16, 2013 /PRNewswire/ — Uranium Hunter Corporation (OTC Pink: URHN), a uranium and gold mining company that targets historically proven and highly prospective properties in Africa and South America which can quickly come to production, announced today that their board of directors has significantly reduced the issued and outstanding shares by getting the majority shareholder to donate back to treasury 1,000,000,000 shares of stock, reducing the outstanding share amount to 656,362,100, an over 60% reduction in the outstanding share amount.
The reduction will result in an increase in the value of the remaining shares held by existing shareholders. The Company’s properties in Guyana and Africa present very good opportunities for creating enhanced shareholder wealth. On a per share basis the potential value in the Guyana holdings alone represents over $1.00 in shareholder value, significantly undervaluing the Company’s stock at today’s prices.
Gregory Ellis, Uranium Hunter’s President, said, “We are pleased to have negotiated the reduction in the issued and outstanding shares of the company, giving much more value to all existing shareholders.”
About Uranium Hunter Corporation
Through its wholly-owned subsidiary Cuyuni Mining, Uranium Hunter’s mission is to build a fully-integrated uranium gold, precious metals and gemstone production company that incorporates exploration, development, acquisition, mining, ore processing and sales. The Company targets historically proven and highly prospective properties in South America and Africa which can come to production quickly. For more information visit the company’s site at www.URHNcorporation.com
This press release contains forward-looking statements, particularly as related to, among other things, Uranium Hunter’s business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “considers” or similar expressions are intended to identify “forward-looking statements.” Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Uranium Hunter’s actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Uranium Hunter’s Quarterly and Annual Reports and other documents Uranium Hunter files from time-to-time. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Uranium Hunter cautions readers not to place undue reliance on such statements. Uranium Hunter does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Uranium Hunter’s expectations and estimates.
SOURCE Uranium Hunter Corporation