Equitable Mining Corp. Begins Program to Verify Share Numbers and Address Potential Short Positions
October 11 2006 - 6:00AM
PR Newswire (US)
TORONTO, Oct. 11 /PRNewswire-FirstCall/ -- Equitable Mining Corp.
("Equitable" or "Company") (EQBM.PK or E5W Frankfurt) announces
today it has begun the program it has been planning for a couple of
weeks to address potential short positions in Equitable's stock
that management believes needs to be researched and examined to
ensure integrity in the marketplace for its shares. The various
information available to the Company has begun to be received, such
as the Company's Non Objecting Beneficial Ownership (Nobo) List,
DTC position reports and transfer agent records. Company management
will diligently review, examine and, in effect, audit its share
numbers to give the Company a concise look at the specific
ownership positions of Equitable's shares. The Company is making
some carefully planned strides to improve its performance by
implementing new business lines and pursuing quality acquisitions.
This verification program, management feels, is essential in making
sure that it has a solid foundation in order to build shareholder
value. If the Company's research and examination find an imbalance
in regards to the reported short positions, the shares that are out
in the public and the total shares issued and outstanding the
Company will act to correct the problem. All trademarks, trade
names, and service marks mentioned herein belong to their
respective owners. This release contains forward-looking statements
that involve risks and uncertainties. Statements in this news
release, other than historical data, are considered forward-looking
statements under the Private Securities Litigation Reform Act of
1995. The company's actual results could differ materially from
those anticipated in these forward-looking statements as a result
of certain factors uncontrollable by the company. This announcement
does not constitute an offer to sell or the solicitation of offers
to buy any security and shall not constitute an offer, solicitation
or sale of any security in any jurisdiction in which such offer,
solicitation or sale would be unlawful. DATASOURCE: Equitable
Mining Corp. CONTACT: Phone: (416) 410-8172,
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