Ring of Fire Resources Inc. Announces Extension to Term of Warrants
Toronto, Ontario – October 7, 2010 Ring of Fire Resources Inc. (the "Company" or “ROF”) (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) announces that it has received approval from the TSX Venture Exchange (the “Exchange”) to extend the term of issued and outstanding warrants exercisable for a total of 506,668 common shares (the “Warrants”) which were issued as part of a private placement that closed on October 13, 2006 in which 1,000,002 flow-through units (each consisting of one flow-through common share and one Warrant) were issued for gross proceeds of approximately $150,000. Since issuance 493,334 Warrants have been exercised, leaving 506,668 Warrants outstanding.
Each whole Warrant is exercisable for one common share at a price of $0.25 per share. The term of the 506,668 Warrants, which were to expire on October 12, 2010, has been extended to October 12, 2011.
About Ring of Fire Resources Inc.:
Ring of Fire Resources Inc. is a Canadian based junior exploration company with a portfolio of diversified exploration projects at various stages of exploration and drilling for Nickel/Copper/Chromium/PGM in the ‘Ring of Fire’ McFauld’s Lake Area of Northern Ontario, Gold in Northern Ontario, and Uranium in Northern Saskatchewan and Quebec
More detailed information is available on the website at www.ringoffireresources.com
Cautionary Statement:
Neither 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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Ring of Fire Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company’s plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Ring of Fire Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Ring of Fire Resources Inc.
H. Vance White, President Phone: 416-214-2250 Fax: 416-367-1954
Corinna de Beer, Investor Relations Phone: 416-792-0343 eMail: [email protected]
2500 – 120 Adelaide St. West, Toronto, Ontario M5H 1T1 Phone: 416-214-2250 Toll Free: 866-214-9486 Fax: 416-367-1954