New Range Resources Ltd.
TSX VENTURE : RGE

New Range Resources Ltd.

June 10, 2010 09:30 ET

New Range Changes Name to Relentless Resources Ltd. and Consolidates Shares

CALGARY, ALBERTA--(Marketwire - June 10, 2010) - New Range Resources Ltd. ("New Range" or "the Company") (TSX VENTURE:RGE) announces that it has filed articles of amendment with the applicable corporate registries affecting the change of name of the Company to "Relentless Resources Ltd." and the consolidation of its common shares on the basis of one (1) new common share ("Relentless Share") for every two (2) old common shares ("New Range Shares") effective June 9, 2010. No fractional Relentless Shares will be issued to holders of New Range Shares and in lieu of any fractional entitlement, the number of Relentless Shares issued to each former holder of New Range Shares shall be rounded to the nearest whole Relentless Share.

Commencing at opening of trading on Friday, June 11, 2010, the common shares of the Company will trade on the TSX Venture Exchange under the symbol "RRL". Following the consolidation there are expected to be 14,839,250 Relentless Shares outstanding (subject to rounding).

The shareholders of the Company previously approved, by special resolution, the change of name and the share consolidation at the annual general and special meeting of shareholders held on May 25, 2010. Further details with regard to the consolidation and name change are contained in the management information circular of the Company, dated April 26, 2010, a copy of which is available electronically at www.sedar.com.

About Relentless Resources Ltd.

Relentless is a Calgary based emerging oil and natural gas company, engaged in the exploration, development, acquisition and production of natural gas and medium to light gravity crude oil reserves in Alberta.

Relentless' primary corporate objective is to achieve non-dilutive growth and enhance shareholder value through internal prospect development, strategic production acquisitions and prudent financial management.

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 release.

Contact Information

  • Relentless Resources Ltd.
    Dan Wilson
    President & CEO
    (403) 532 - 4466 ext. 227 or Mobile: (403) 874 - 9862
    (403) 303 - 2503 (FAX)
    dwilson@newrangeresources.com
    or
    Relentless Resources Ltd.
    Hugh Thomson
    Vice-President & CFO
    (403) 532 - 4466 ext. 224
    (403) 303 - 2503 (FAX)
    hmthomson@newrangeresources.com