CALGARY, Sept. 29 /CNW/ - (TSX Venture: WWR) - Western Warrior Resources
Inc. ("Western Warrior") is announced today that the management information
circular and proxy statement ("Information Circular") for the upcoming annual
and special meeting ("Meeting") of the shareholders of Western Warrior to be
held on October 24, 2008 has been mailed to Western Warrior shareholders of
record as at September 19, 2008.
At the Meeting, shareholders of Western Warrior will be asked to
consider, among other items, and, if thought appropriate, to pass a special
resolution to effect the consolidation of the common shares of Western Warrior
on the basis of one (1) common share for each four (4) issued and outstanding
common shares (the "Consolidation"). The Board of Directors of Western Warrior
believe that the Consolidation is in the best interest of Western Warrior and
unanimously recommend that shareholders approve the Consolidation. In addition
to shareholder approval, the Consolidation is subject to the receipt of all
applicable regulatory approvals. As at September 19, 2008, Western Warrior had
59,440,683 Common Shares outstanding.
"The Board of Directors believe that it is in the best interests of the
company to place a number of resolutions before the shareholders at the
Meeting, including the special resolution to effect the Consolidation, in
order to provide for a more effective platform for Paul Nagerl, the recently
appointed President and Chief Executive Officer, and his management team to
move the company forward and build shareholder value," commented Allan Dolan,
Chairman of Western Warrior.
About Western Warrior: Western Warrior is a Calgary-based,
multi-commodity, mineral exploration company with 100% ownership of properties
in Northwestern Ontario, Northern Manitoba, and Alaska. Western Warrior's
website address is www.westernwarrior.ca.
To be added to Western Warrior's private email list, please contact
This news release contains forward-looking statements concerning the
company's intention to complete the Consolidation and Western Warrior's belief
on the results and impact of the Consolidation which are based on Western
Warrior's current internal expectations. These statements are not a guarantee
that the Consolidation will be completed or that such results and impacts will
take place and undue reliance should not be placed on them. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties that are common to junior mineral exploration companies. These
risks and uncertainties include, among other things, changes in general
economic, market and business conditions and the receipt of applicable
approvals. The company undertakes no obligation to update or revise any
forward-looking statements except as required by applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Western Warrior Resources Inc., Allan Dolan,
Chairman, Phone: +44 207 591 4437