Corridor Announces Conditional Listing on TSX
Halifax, Nova Scotia, April 3, 2006: - Corridor Resources Inc. (CDH - TSX-V) (the "Corporation") announced today that it has received conditional approval from the Toronto Stock Exchange (the "TSX") to list its common shares on the TSX, subject to Corridor fulfilling all of the requirements of the TSX on or before June 20, 2006.
It is expected that the common shares will be listed and begin trading on the TSX at the opening of trading on or about Monday, April 17, 2006, assuming fulfillment of all TSX requirements. Corridor's common shares will be de-listed from the TSX Venture Exchange at the close of trading on the date immediately preceding such date. The common shares will continue to trade under the stock symbol "CDH".
Corridor is a junior oil and gas exploration and production company, headquartered in Halifax, Nova Scotia, with interests onshore in New Brunswick, Prince Edward Island and Quebec and offshore in the Gulf of St. Lawrence.
This press release contains certain forward looking statements relating to, but not limited to, Corridor's operations, anticipated financial performance, business prospects and strategies, including expectations relating to production levels; capital expenditure programs; the quantity of natural gas reserves; projections of market prices; projections of costs; supply and demand for natural gas; expectations regarding the ability to raise capital and to continually add to reserves through exploration and development; and treatment under governmental regulatory regimes. These statements are based on current expectations that involve numerous assumptions regarding factors and risks that could cause actual results to vary materially, including, without limitation to, the following factors: risks associated with oil and gas exploration, financial risks, substantial capital requirements, bank financing, government regulation, environmental, prices, markets and marketing, dependence on key personnel, dependence on Potash Corporation of Saskatchewan, Inc., availability of drilling equipment and access, risks may not be insurable, management of growth, expiration of licenses and leases, reserves estimates, seasonality, competition, conflicts of interest, Kyoto Protocol, issuance of debt, title to properties and hedging. There is no representation by Corridor that actual results achieved will be the same in whole or in part as those set out in the forward looking information. Furthermore, the forward looking statements contained in this press release are made as of the date hereof, and Corridor undertakes no obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise.
