HUDSON ANNOUNCES CORPORATE UPDATES
Vancouver, BC - HUDSON RESOURCES INC. (�Hudson� or �the Company� � TSX-V: �HUD�, OTCQX: �HUDRF�) announces that the Company�s shareholders have ratified a shareholder rights plan at the Company�s annual general meeting held on September 27, 2011. This plan replaces the Company�s earlier shareholder rights plan that has expired.
The shareholder rights plan has been adopted to ensure the fair treatment of all shareholders with respect to any takeover bid for the common shares of the Company. It is designed to provide shareholders with sufficient time to properly consider a takeover bid without undue time constraints. In addition, it will provide the board with additional time for review and consideration of any unsolicited takeover bid and, if necessary, for the consideration of alternatives.
This rights plan is not being adopted in response to any proposal to acquire control of the Company.
With respect to the Company�s annual compensation review governing the granting of options, the board of director�s has approved the granting of a total of 1,200,000 incentive stock options to directors, officers and employees of the Company, as per the terms of the stock option plan. The options are exercisable at $0.65 per share for a period of five years, subject to the policies of the TSX Venture Exchange.
BY ORDER OF THE BOARD OF DIRECTORS
"James Tuer"
James Tuer, President
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the future financial or operating performance of Hudson and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Hudson to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and Hudson disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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.
FOR FURTHER INFORMATION:
HUDSON RESOURCES INC:
James Tuer, Chief Executive Officer
Phone: (604) 628-5002 or (604) 688-3415
email: tuer@hudsonresources.ca
Please visit our website at www.hudsonresources.ca
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