VANCOUVER, May 5 /CNW/ - Copper Ridge Explorations Inc. (TSX-V: KRX) (the "Company") is pleased to announce that the Board of Directors of the Company has approved, subject to regulatory approval, a change of name of the company to Redtail Metals Corp.
The proposed change of name reflects the Company's focus on base metals with significant precious metals content, and more closely identifies the Company with the other member companies of the Predator Group which also includes Golden Predator Corp., Silver Predator Corp., and Tigris Uranium Corp.
Stock Option Grant
The Company also announces that it has granted 392,500 incentive stock options to its directors, officers, employees and consultants at an exercise price of $0.45 per share, and expiring five years from the date of grant. The stock options are subject to vesting pursuant to the Company's Stock Option Plan.
About Copper Ridge Explorations Inc.
Copper Ridge specializes in identifying, acquiring and developing quality precious metal enriched copper, lead and zinc mineral deposits in Yukon, Canada. The Company currently controls the Marg, Clear Lake and Francis Lake massive sulfide deposits along with certain other key properties. Copper Ridge has a committed management team with extensive experience in the Yukon and a proven track record of building shareholder value in the junior equity market.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Copper Ridge's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Copper Ridge assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
SOURCE Copper Ridge Explorations Inc.
For further information: Copper Ridge Explorations Inc., William M. Sheriff, Chairman: (604) 566-8181; J. Greg Dawson, President: (604) 566-8185