Black Bull Resources Inc. Announces Strategic Review
Mon Jan 5, 8:31 AM
ca.news.finance.yahoo.com
SHELBURNE, NOVA SCOTIA--(Marketwire - Jan. 5, 2009) - Black Bull Resources Incorporated (TSX VENTURE: BBS.V) announced that due to the current severe economic downturn which has hurt revenue generation the company will be investigating strategic options, including cessation of most or all operational activities until markets strengthen.
"Many companies, including Black Bull Resources Inc. have been adversely affected by the deep recession, Black Bull has not been exempt from the effects of this negative economic environment" said Rick Shearer, President and CEO, "As a result, we will be exploring several alternatives and we will be reporting these findings to the shareholders in the near future. In the meantime, the company remains open for business and continues to investigate opportunities for our quartz and kaolin resource".
About Black Bull Resources Inc.
Black Bull Resources Inc. is a Canadian mining company based in Nova Scotia that operates the White Rock Mine near Shelburne. The Mine produces a unique, bright, white, high-purity quartz, marketed under the Scotia White(TM) trademark which is used in a range of value-added, specialty products.
Further detailed information may be obtained from the Company's website www.blackbullresources.com or corporate filings at www.SEDAR.com.
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation statements regarding the Company's mining properties, development results or future plans, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed elsewhere in documents that are available to the public.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Richard J. Shearer
Black Bull Resources Inc.
President & CEO
(902) 875-1510
(902) 875-1617 (FAX)
Email: admin@blackbullresources.com
Website: www.blackbullresources.com |
