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WKN A0JJt2
Equitable Mining Corp. Begins Program to Verify Share Numbers and Address Potential Short Positions
TORONTO, Oct 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Equitable Mining Corp. ("Equitable" or "Company") (EQBM.PK or E5W Frankfurt) announces today it has begun the program it has been planning for a couple of weeks to address potential short positions in Equitable\'s stock that management believes needs to be researched and examined to ensure integrity in the marketplace for its shares.
The various information available to the Company has begun to be received, such as the Company\'s Non Objecting Beneficial Ownership (Nobo) List, DTC position reports and transfer agent records. Company management will diligently review, examine and, in effect, audit its share numbers to give the Company a concise look at the specific ownership positions of Equitable\'s shares.
The Company is making some carefully planned strides to improve its performance by implementing new business lines and pursuing quality acquisitions. This verification program, management feels, is essential in making sure that it has a solid foundation in order to build shareholder value.
If the Company\'s research and examination find an imbalance in regards to the reported short positions, the shares that are out in the public and the total shares issued and outstanding the Company will act to correct the problem.
All trademarks, trade names, and service marks mentioned herein belong to their respective owners. This release contains forward-looking statements that involve risks and uncertainties. Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. The company\'s actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors uncontrollable by the company. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE Equitable Mining Corp.
CONTACT: Phone: (416) 410-8172, info@equitablelifeinvestments.com
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