Balmoral Resources Ltd.
TSX VENTURE : BAR.H

Balmoral Resources Ltd.

June 17, 2010 13:36 ET

Transfer of Escrowed Securities Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2010) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR.H) announces the completion of the transfer, within escrow of 4,000,000 common shares from Mr. Henk van Alphen, a director of the Company, to Mr. Darin Wagner, the Company's new President and CEO.

Mr. Wagner has acquired the escrow shares for investment purposes only. With the completion of the transfer within escrow, Mr. Wagner now holds 4,115,000 common shares in the capital stock of the Company, representing 13.89% of its issued and outstanding shares.

The TSX Venture Exchange accepted the transfer within escrow on June 11, 2010. Mr. Wagner has filed an Early Warning Report with the British Columbia and Alberta Securities Commissions in respect of the shares acquired. Copies of the report may be obtained from SEDAR (www.sedar.com) or without charge from the Company.

On behalf of the board of directors of BALMORAL RESOURCES LTD.

Darin Wagner, President & CEO

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 press release, which has been prepared by management.

Contact Information

  • Balmoral Resources Ltd.
    Darin Wagner
    President & CEO
    604-638-3664 or Toll-free: 1-877-838-3664
    604-648-8809 (FAX)
    www.balmoralresources.com