Hudson Resources Inc.

Hudson Resources Inc.

July 16, 2009 17:54 ET

Hudson Closes $1,060,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2009) - HUDSON RESOURCES INC. ("Hudson") (TSX VENTURE:HUD) has closed its previously announced non-brokered private placement in the amount of $1,060,000.

A total of 5,300,000 Units ("Units") were issued at a price of $0.20 per Unit. Each Unit is comprised of one fully paid and non-assessable common share (a "Share") in the capital of the Company and one transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share (a "Warrant Share") in the capital of the Company up to January 13, 2011 at an exercise price of $0.30 per Warrant Share. In certain events, the Company can accelerate the expiry date of the Warrants if the common shares trade above a weighted average of $0.50 for 20 days. Both the common shares issued as part of the Units and any common shares issued upon exercise of the Warrants are subject to a hold period, which expires on November 14, 2009 and, such common shares may not be traded until November 14, 2009, except as permitted by the Securities Act (British Columbia) and the Rules made thereunder and the TSX Venture Exchange. The Company issued 5,000 Units and paid $15,250 in fees in connection with this private placement.


James Tuer, President

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

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