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NEW YORK, NY--(MARKET WIRE)--May 11, 2006 -- HE-5 Resources, Corp. (Other OTC:HRRP.PK - News), today announced that during a Special Meeting of the Board of Directors the Company approved a 5 for 1 forward split of the Company's common stock.
ADVERTISEMENT HE-5 has provided notice to the NASDAQ Stock Market of the stock split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
CEO Denyse Raynault stated: "This forward stock split is intended to lay the groundwork for the anticipated growth of the Company; in particular it will enable us to raise the required capital to acquire other mining claims in regions of the US that contain large, high-grade precious metal deposits." She went on to state: "It is also part of our ongoing efforts to improve trading liquidity, promote capital investment and enhance shareholder value."
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HE-5 Resources, Corp. Files Permit to Commence Drilling at Overman Property Issues Reminder to Investors of 5:1 Forward Stock Split
NEW YORK, NY -- (MARKET WIRE) -- 05/17/06 -- HE-5 Resources, Corp. (OTC: HRRP) today announced that it has filed the permit with the necessary authorities to allow the commencement of drilling at the Overman Property. HE-5 expects to receive approval of the permit in a maximum of 10 days at which point the Company will officially begin the drilling program at the Property. This would complete one of the most important tasks that appear on the Proposed Work Schedule for the Overman Property Project and enable HE-5 to commence drilling and ultimately production earlier than originally planned.
The drilling program at the Overman Property consists of, but is not limited to, the following activities. The first task will involve blocking out ore that has already been drilled off, amounting to approximately 180,000 tons, and preparing to haul it to the active heap leach operation that is only a 1/2 mile away. In addition, HE-5 will begin drilling to extend the drilled off reserve of 180,000 tons to the west, which is expected to expand the total millable reserves to at least 600,000 tons. Furthermore, HE-5 plans to continue drilling of the open floor of the open pit where the last mining operation was terminated in 1942 when War Order L-208 was issued. There is expected to be sizable grades of ore in that location.
HE-5 Management today issued a reminder to all current and prospective shareholders of the Company's upcoming 5:1 forward stock split. Investors have only one week remaining to purchase shares of HE-5 and be eligible to receive additional shares as a result of the forward split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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HE-5 Resources, Corp. Addresses Shareholders' Concerns Company Advertisement Appears in Resource World Magazine
NEW YORK, NY -- (MARKET WIRE) -- 05/18/06 -- HE-5 Resources, Corp. (OTC: HRRP) today announced that it has not and does not plan to offer and sell securities of the Corporation under Rule 504 of Regulation D. HE-5 is pleased to report that it has sufficient funds to cover the total pre-production expenses, as outlined in the Preliminary Budget for the Overman Property Project and thus does not need to raise additional capital by selling shares of the Corporation under Rule 504 at this time.
HE-5 also announced that a Company Advertisement has been published in the May Edition of Resource World Magazine on Page 3. Resource World Magazine is an investment magazine backed by editors that have a combined experience of more than 75 years in Mining, Oil & Gas, Energy and Exploration. The magazine's goal is to inform new and experienced investors of timely investment opportunities by providing up-to-date insights and perspectives on the resource sector. Resource World targets selected readers (i.e. public and institutional investors, stockbrokers, etc.) and is distributed at all major financial and resource conferences in Canada and the US. It is also available internationally at select newsstands and retail stores. For further information or to order a copy of the Magazine visit: http://www.resourceworld.com.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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Uc, there were alot of pump emails that went out last week as well as the previous CEO Cortezini? was not the most well liked individual. Check some of the previous PR's. That CEO is supposedly no longer involved with this company in any way so other than the pump emails I cant see a problem. If anyone else can enlighten it would be appreciated. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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