HE-5 Resources, Corp. Announces Forward Split of Company Stock
Posted on: Thursday, 11 May 2006, 12:06 CDT
HE-5 Resources, Corp. (OTC: HRRP), today announced that during a Special Meeting of the Board of Directors the Company approved a 5 for 1 forward split of the Company's common stock.
HE-5 has provided notice to the NASDAQ Stock Market of the stock split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
CEO Denyse Raynault stated: "This forward stock split is intended to lay the groundwork for the anticipated growth of the Company; in particular it will enable us to raise the required capital to acquire other mining claims in regions of the US that contain large, high-grade precious metal deposits." She went on to state: "It is also part of our ongoing efforts to improve trading liquidity, promote capital investment and enhance shareholder value."
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault@he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact: HE-5 Resources, Corp. Denyse Raynault CEO Ph# (775) 291-6469 E-mail: Raynault@he-5resourcescorp.com URL: www.he-5resourcescorp.com
SOURCE: HE-5 Resources, Corp.
Source: MARKET WIRE
Related Articles
- West African 'Oil Rush' Is On, Reports Gold Star Resources Corp. CEO in AFROIL Online News Column
- Gold Star Resources Corp. Featured as 'Stock Pick' in WallStreetCorner.com
- Standard & Poor's Initiates Factual Stock Report Coverage on Canadian Phoenix Resources Corp.
- Standard & Poor's Initiates Factual Stock Report Coverage on Buffalo Resources Corp.
- Metals Creek Resources Corp. Announces Stock Option Grants
- HE-5 Resources, Corp. Announces New Management Structure and Operating Plan for Cote D'Ivoire Mining Project
- Absolut Resources Corp.: Drill Out Completed at Pico Machay Plus Positive Metallurgy Testwork
- Weststar Resources Corp.: Private Placement and Appointment of Marketing and Investor Communication Consultant and Granting of Stock Options
- Statement of Paul Carter, CEO, Novastar Resources in Response to International Atomic Energy Agency (IAEA) Recommendation on the Exploration and Prospecting of Thorium Minerals
User Comments (0)

RSS Feeds