Hudson Resources Inc.
TSX VENTURE : HUD

Hudson Resources Inc.

November 19, 2008 16:42 ET

Hudson Completes Conversion of Teck Debt to Equity

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2008) - HUDSON RESOURCES INC. ("Hudson") (TSX VENTURE:HUD) is pleased to announce that it has completed the issuance of 5,000,000 shares, equating to a value of $0.40 per share, to Teck Cominco Limited in consideration for Teck extinguishing the $2,000,000 bridge loan which it had provided to Hudson on July 4, 2008. The shares have a four month hold period that expires March 6, 2009. The transaction, which was announced on November 5, 2008, was accepted by the TSX Venture Exchange on November 6, 2008.

ON BEHALF OF THE BOARD OF DIRECTORS

James Tuer, President

This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Hudson Resources Inc.
    James Tuer
    President
    (604) 628-5002 or (604) 688-3415
    (604) 688-3452 (FAX)
    Email: tuer@hudsonresources.ca