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HRM

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:HRM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Hudson River Minerals Ltd.: Corporate Update

08/08/2013 10:34pm

Marketwired Canada


Hudson River Minerals Ltd. ("Hudson River" or the "Company") (TSX VENTURE:HRM)
announces the filing of the Company's December 31, 2012 audited financial
statements, the first quarter ending March 31, 2013 and the second quarter
ending June 30, 2013 financial statements. With the filing of these statements,
the Company will be making an application to the securities regulators in
British Columbia, Alberta and Ontario to have the current Cease Trade Order
revoked. The Company is also seeking approval for the re-instatement of trading
of the Company's shares on the TSXV Venture Exchange.  


Hudson River would also like to announce the appointment of Andrew Lindzon to
the Board of Directors subject to final TSX Venture approval.  


The Company further announces that upon the revocation of the current Cease
Trade Orders and reinstatement of trading on the TSXV, it intends to complete a
proposed non-brokered private placement offering of up to 75,000,000 units (each
a "Unit") at $0.005 per Unit for gross proceeds of up to $375,000 (the
"Offering"). Each Unit will be comprised of one common share and one common
share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to
purchase one common share at an exercise price of $0.05 per share during the
first year following the date of closing of the Offering, or at a price of $0.10
from the second through to the end of the fifth year following the date of the
closing of the Offering.  


The proceeds of the offering will be used to settle Company debt and for general
working capital purposes. 


The securities issued pursuant to the Offering will all be subject to a four
month regulatory hold period commencing from the date of closing. The Offering
remains subject to TSX Venture Exchange acceptance of requisite regulatory
filings.


Neither the 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. 


This document may contain forward-looking statements relating to Hudson River's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Hudson River's control. A number of important factors
could cause actual outcomes and results to differ materially from those
expressed in forward-looking statements, including those set forth in other
public filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Hudson River disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hudson River Minerals Ltd.
Mr. Stephen Balch
President and CEO
(905) 407-9586
(sbalch@hudsonriverminerals.com)

1 Year Hudson River Minerals Ltd. Chart

1 Year Hudson River Minerals Ltd. Chart

1 Month Hudson River Minerals Ltd. Chart

1 Month Hudson River Minerals Ltd. Chart