Zoro Mining Corp.
OTC Bulletin Board : ZORM

Zoro Mining Corp.

April 22, 2009 09:01 ET

Zoro Mining Corp. Announces Reverse Share Split

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2009) - Zoro Mining Corp. (the "Company")(OTCBB:ZORM) announces that as at the date of this news release, it has effected a reverse split of its common shares on the basis of twenty old common shares for each new common share, with the record date of April 22, 2009. Consequently, the Company's authorized share capital has decreased from 3,600,000,000 common shares to 180,000,000 common shares, and its issued and outstanding shares have decreased from 86,900,400 shares to 4,345,020 shares. The Company's symbol has changed to "ZORM", and its CUSIP number has changed to 98977W201.

Zoro Mining Corp. is a precious metals exploration company targeting gold and other precious metals. Zoro's main holdings are in the Don Beno, Escondida, Costa Rica and Rio Sur Districts in Chile, and the Yura District in Peru.

Should you have any questions or comments, please do not hesitate to contact the Company or our Investor Relations staff at the referenced numbers below.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns of unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates of opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact Information

  • Zoro Mining Corp. - Corporate Office
    Gerry Jardine
    (877) 706-7979, (520) 299-0390
    Investor Relations: info@zorominingcorp.com