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Quri Resources, Inc.: Quri Resources, Inc. Restructures Capital

^{Published on 2009-07-20 13:30:54, Last Modified on 2009-07-20 13:31:02 - Market Wire}
 

QUITO, ECUADOR--(Marketwire - July 20, 2009) - Quri Resources, Inc. (PINKSHEETS: [ QURI ]) Announces Effective Date for Reverse Stock Split and New Stock Symbol.

Quri Resources, Inc. (PINKSHEETS: [ QURI ]) announced today a 1-for-100 reverse split of its common stock and the new trading symbol of QURS effective as of the open of business on July 21, 2009.

Jaime S. Gomez, CEO of Quri Resources, stated, "We just completed the acquisition of La Conquista gold mine project in Ecuador and entered into an agreement for financing for 3 million Euros. As part of these agreements we were required to restructure our capital stock. This is an exciting time for our company and our shareholders. It's my hope that our shareholders will see this as a positive step towards explosive growth. We are a fast growing company in an exciting industry."

At the effective time of the reverse stock split each one hundred (100) shares of Common Stock of Quri Resources, Inc. will automatically convert into one (1) share of Common Stock. This effectively reduces the total issued and outstanding shares to 2,499,975. No fractional shares will be issued in connection with the reverse stock split. Instead, any fractional share resulting from the reverse stock split will be rounded up to the next largest whole share.

Quri Resources is a U.S. based junior mining company committed to the exploration, discovery and development of gold, silver, copper and other minerals. Quri Resources, Inc. holds mining rights and mineral concessions in Ecuador and the United States. These properties are in different stages of exploration and development. Quri Resources was founded by professionals with unmatched expertise in business and the mining industry in South America and North America. Quri Resources is committed to exploring responsibly, maintaining environmentally friendly policies while impacting the local economy in an exponentially positive manner that will allow our shareholders to take pride in their investment.

For more information about us, please visit our web site [ www.quriresources.com ]

Some of the statements contained herein may be forward-looking statements, which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.