Blue Note Completes its Acquisition of X-Ore

MONTREAL, Jan. 19 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note") (BNT:TSXV) and X-Ore Resources Inc. ("X-Ore") (XOR:TSXV) jointly announce that the amalgamation of X-Ore and 9216-4706 Québec Inc., a wholly-owned subsidiary of Blue Note (the "Amalgamation"), is effective as of January 19, 2010. X-Ore's shareholders approved the Amalgamation at a Special Meeting of Shareholders held on January 15, 2010.

Further to the Amalgamation, Blue Note has appointed Léon Méthot, X-Ore's President and Chief Executive Officer, as a director of Blue Note. X-Ore's common shares (the "Shares") are expected to be de-listed from the TSX Venture Exchange on or about January 21, 2010. X-Ore will then apply to the regulatory authorities in British Columbia, Alberta and Quebec to cease to be a reporting issuer in each of those jurisdictions.

A letter of transmittal was sent to X-Ore's registered shareholders with X-Ore's information circular dated December 10, 2009. That letter sets out the procedure to be followed by registered shareholders in surrendering their Shares. In order to receive the common shares of Blue Note to which he or she is entitled, a registered shareholder must deliver or send the completed and signed letter of transmittal, together with certificate(s) representing his or her Shares and all other required documents to the Information Agent, Computershare Investor Services Inc., at the address set forth in the letter of transmittal. Any registered shareholder requiring assistance in surrendering his or her Shares should contact Computershare at 1-800-564-6253. Non-registered shareholders should consult their brokers or other intermediaries for information on surrendering their Shares.

About Blue Note Mining Inc.

Blue Note Mining is a mineral exploration and mining company headquartered in Montreal. The company's shares trade on the TSX Venture Exchange under the symbol BNT.

About X-Ore Resources Inc.

X-Ore Resources is a mineral exploration company with 16 properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt and the Val-d'Or region of Quebec.

Forward-Looking Statements

Forward-looking statements included or incorporated by reference in this document include statements with respect to the trading status of the Shares. Although Blue Note and X-Ore believe the expectations reflected in these forward-looking statements are based on reasonable assumptions, they can give no assurances that these expectations will be achieved. Factors that could cause actual results to differ materially from expectations include actions by government or regulatory authorities and uncertainties associated with contract negotiations, additional financing requirements. These factors and others are more fully discussed in the filings with Canadian securities regulatory authorities of Blue Note and X-Ore, including X-Ore's circular dated December 10, 2009.

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.

SOURCE Blue Note Mining Inc.

For further information: For further information: Glenn Massad, Vice President, Investor Relations, Blue Note Mining inc., 1-800-937-3095 x230,;; Léon Méthot, President & CEO, X-Ore Resources inc., (819) 824-5422,;; Paul Goulet, Investor Relations, (514) 710-8290,

Organization Profile

Blue Note Mining Inc.

More on this organization


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890