XBOR 4.70 Cross Border Resources, Inc., Formerly Doral Energy Corp., Will Begin Trading Under the Stock Symbol XBOR Effective January 6, 2011
6:18p ET January 5, 2011 (GlobeNewswire)
Cross Border Resources, Inc. (OTCBB:XBOR), formerly Doral Energy Corp. (OTCBB:DRLY) ("Cross Border Resources" or "the Company"), today announced that, effective as of the opening of the market on January 6, 2011, the Company's common stock will be traded under the symbol "XBOR.OB". The change in the Company's stock ticker symbol was made in connection with the change of the Company's name from Doral Energy Corp. to Cross Border Resources, Inc.
The Company's new corporate website will be www.crossborderresources.com and is expected to go live on January 17, 2011.
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. In particular, there is no assurance that Doral will be able to re-finance its current credit facility or acquire any future properties.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Doral Energy Corp.
CONTACT: Cross Border Resources, Inc.
Brad Holmes
(713)654-4009
Cell: (713)304-6962
b_holmes@att.net
Nine Greenway Plaza, Suite 550
Houston, TX 77046
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