TORONTO, ONTARIO--(Marketwire - May 16, 2012) - Melior Resources Inc. (TSX VENTURE:MLR) ("Melior", the "Corporation") announced today that its Board of Directors has commenced a review of strategic alternatives with the objective of enhancing shareholder value. A special committee of Melior's Board of Directors has been established to oversee such review. There can be no assurance that the strategic review will result in the consummation of any agreement or transaction.
Melior's common shares are listed on the TSX-V under the symbol "MLR". The Corporation holds approximately $27.7 million in cash and cash equivalents and currently has no other significant operating assets or liabilities.
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Such statements can typically be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "possible", "continue", "objective" or other similar expressions concerning matters that are not historical facts. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Melior does not undertake to update any forward-looking statements; such statements speak only as at the date made.
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:
Rishi Tibriwal
Chief Financial Officer
416-644-1217