Orestone Completes Shares For Debt Settlement
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Orestone Mining Corp. (TSX Venture Exchange-Symbol: ORS) (“The Company”) announces that it has issued a total of 5,244,400 common shares of the Company at a deemed issue price of $0.05 per share to certain creditors of the Company in settlement for certain debts owed by the Company in the total amount of $262,220 (the “Shares for Debt Settlement”). The Shares for Debt Settlement was completed in connection with the Company’s reorganization which was previously announced on June 21, 2011
The common shares issued pursuant to the Shares for Debt Settlement are subject to a hold period that expires on December 31, 2011.
The securities of the Company and the common shares issued pursuant to the Shares for Debt Settlement have not and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.
ON BEHALF OF ORESTONE MINING CORP.
President and CEO
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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
For further information contact: David Hottman or Mehran Bagherzadeh, Corp. Comm at 604-629-1929 | firstname.lastname@example.org
750 - 625 Howe Street, Vancouver, BC V6C 2T6, Canada | Phone: 604-629-1929 | Fax: 604-629-1930 | www.orestone.ca