Equitable Mining Corp Announces new Stock Symbol EQBM
September 27 2005 - 2:17PM
PR Newswire (US)
TORONTO, Sept. 27 /PRNewswire-FirstCall/ -- Equitable Mining Corp.
announces the change of its symbol to EQBM on PinkSheets.com The
company changed its name on August 16, 2005 from The Equitable Life
Investments Company Inc. to Equitable Mining Corp. to better
reflect its focus on mining. In addition the company redomiciled
from the Province of Ontario to the State of Wyoming. On August 22,
2005 majority of the shareholders and the directors agreed to
reverse split the issued and outstanding Common Shares by twenty
(20) to one (1). All new issue for the purpose of rounding up to
cover beneficial shareholders due to the reverse split was also
approved. Recently the company announced its purchase of the
"Bonanza Property" located in the prolific Red Lake mining camp in
northwestern Ontario; over 25 million ounces of gold have been
produced from the Red Lake district since mining commenced in 1930.
The property is located in Dome Township, 1 to 3 km north of the
town of Red Lake. The property consists of twelve unpatented claims
and 2 patented claims (KRL 11325 and KRL 11442), with a total area
of approximately 355 hectares. They are adjacent to properties
owned by Wolfden Resources that have identified significant gold
mineralization. This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements can be identified by the
lead-in "Looking Forward." These statements are not guarantees of
future performance and involve significant risks and uncertainties.
Actual results may vary materially from those in the
forward-looking statements as a result of the effectiveness of
management's strategies and decisions, general economic and
business conditions, new or modified statutory or regulatory
requirements, and changing price and market conditions. DATASOURCE:
Equitable Mining Corp. CONTACT: Equitable Life Investments Company
Inc., Jim Adams, (416) 410-3995,
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