Idaho Natural Resources
NEX BOARD : IDN

Idaho Natural Resources

April 24, 2012 09:30 ET

Idaho Natural Resources Corp. Announces Completion of Name Change and Consolidation, Commencement of Trading Under the Symbol "IDN" and Proposed Private Placement

CALGARY, ALBERTA--(Marketwire - April 24, 2012) - Idaho Natural Resources Corp. (formerly Bridge Resources Corp.) (the "Corporation") (NEX:IDN), is pleased to announce the completion of the name change from "Bridge Resources Corp." to "Idaho Natural Resources Corp." and the consolidation of common shares in the capital of the Corporation ("Common Shares") on the basis of one (1) post-consolidation Common Share for every one-hundred (100) pre-consolidation Common Shares. The Common Shares will trade on NEX on April 24, 2012 under the trading symbol "IDN".

The Corporation also announces that it expects to proceed with a non-brokered private placement financing of Common Shares at a price per Common Share to be determined, but not less than the discounted market price in accordance with the NEX policies, for gross proceeds up to $200,000 (the "Offering"). Proceeds of the Offering will be used to fund ongoing operations and for general and administrative purposes.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, certain information presented herein constitutes "forward-looking statements". More particularly, this press release contains statements concerning the Corporation's proposed private placement financing and other statements that are not historical fact. The forward-looking statements contained in this document are solely opinions and forecasts which are uncertain and subject to risks. Forward-looking statements include but are not limited to uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: non-performance of agreements in accordance with their terms; the impact of competition; commodity prices; regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; the ability of the Corporation to raise sufficient capital to complete future projects and satisfy future commitments; labour and material shortages; and certain other risks detailed from time to time in the Corporation's public disclosure documents which can be found at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned that the assumption used in the preparation of the forward-looking statements, although considered reasonable at the time of preparation may prove to be imprecise and, as such undue reliance should not be placed on forward-looking statements.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

The security symbol, BUKRF, is part of the OTC Grey Market, where Bridge Resources Corp. does not provide any reports and has no obligation to do so. There are no market makers under this symbol of this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult. Bridge is not a filer on EDGAR. (see http://www.otcmarkets.com/otc-101/otc-market-tiers).

Neither the 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.

Contact Information