Medoro Resources Share Consolidation, TSXV Symb...

Medoro Resources Announces Share Consolidation and TSXV Symbol Change

 

    TORONTO, June 1 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS, AIM: MRL)

announced that it has consolidated its share capital on a seven for one basis.

The company is now trading on the TSX-V under the new symbol "MRS". Effective

at the opening on May 24, 2006, the shares of the company commenced trading on

the TSX-V on a consolidated basis.

    After consolidation, Medoro has approximately 32,102,139 issued and

outstanding shares, not 32,771,782 as previously announced.

    Medoro commenced trading on a consolidated basis on the Alternative

Investment Market (AIM) of London Stock Exchange plc., on May 26, 2006, but

maintained its "MRL" symbol.

 

    Medoro Resources is a gold exploration and development company focused on

acquiring properties of merit for potential joint ventures with senior

producers. Further information is available on our website at

www.medororesources.com.

 

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT

    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

 

    -0-                           06/01/2006

    For further information: Robert Doyle, Executive Vice President,

[phone], rdoyle(at)medororesources.com

    (MRS.)

 

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