Veteran Resources Inc.

Veteran Resources Inc.

January 17, 2006 16:27 ET

Veteran Announces Approval of Arrangement by Shareholders

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2006) - Veteran Resources Inc. (TSX:VTI) ("Veteran") announces that further to a joint press release issued November 4, 2005, the arrangement between Veteran and Bear Ridge Resources Ltd. (the "Arrangement") was approved by Veteran's shareholders at a special meeting on January 17, 2006. Over 99% of the shareholders of Veteran that voted in person or by proxy voted in favour of the Arrangement. A Final Order of the Court Queen's Bench of Alberta approving the Arrangement was granted on January 17, 2006. Completion of the Arrangement is expected to occur on January 19, 2006.

Contact Information

  • Veteran Resources Inc.
    Philip J. Loudon
    President and Chief Executive Officer
    (403) 699-8629
    (403) 263-2569 (FAX)