NELSON, BC, July 3 /CNW/ - Oromonte Resources Inc. ("Oromonte" or the
"Company") (ORR:TSX-V; OF6:FRA) is pleased to announce that at the Company's
annual and special meeting held on June 30, 2008, the shareholders of Oromonte
approved the consolidation of the Company's common shares on an up to three
for one basis and the change of the Company's name to "Georox Resources Inc.".
The Company expects to complete the consolidation and name change in the near
future and will provide further information regarding timing in due course.
Oromonte Resources Inc. is a mineral exploration company engaged in the
acquisition, development and exploration of mining properties. The Company has
acquired 100% owned mining concessions consisting of four consolidated
properties in Ecuador, namely: Chimbuza Property, Marissa Property, Pangui
Property, and Virgen del Cisne Property. The related projects are in early
stage development. The Company has also begun acquiring mining property
interests outside Ecuador. The Company trades common shares and warrants on
the TSX Venture Exchange under the symbol ORR and common shares on the
Frankfurt Stock Exchange under the symbol OF6.
For further information you can visit the Company's website at:
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority
has approved nor disapproved the information contained herein. The News
Release includes certain "forward looking statements". All statements other
than statements of historical fact, included in this release, including,
without limitation, statements regarding future plans and objectives of
Oromonte, are forward looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from Oromonte's expectations are exploration
risks detailed from time to time in the filings made by Oromonte with
For further information:
For further information: Bruce Cottingham, CEO, Oromonte Resources Inc.,
Suite 206, 507 Baker Street, Nelson, British Columbia, Canada, V1L 4J2, Tel:
(250) 352-9923, Fax: (250) 352-9926