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Monday,
September 29, 2008
Western Warrior Announces Mailing Of Information Circular And
Proxy Statement With Respect To Annual And Special Meeting Of
Shareholders
Calgary,
Alberta (TSX Venture: WWR), September 29, 2008 - Western Warrior
Resources Inc. ("Western Warrior") is announced today that
the management information circular and proxy statement ("Information
Circular") for the upcoming annual and special meeting
("Meeting") of the shareholders of Western Warrior to be held
on October 24, 2008 has been mailed to Western Warrior shareholders of
record as at September 19, 2008.
At the Meeting, shareholders of Western Warrior will be asked to
consider, among other items, and, if thought appropriate, to pass a
special resolution to effect the consolidation of the common shares of
Western Warrior on the basis of one (1) common share for each four (4)
issued and outstanding common shares (the "Consolidation").
The Board of Directors of Western Warrior believe that the Consolidation
is in the best interest of Western Warrior and unanimously recommend that
shareholders approve the Consolidation. In addition to shareholder
approval, the Consolidation is subject to the receipt of all applicable
regulatory approvals. As at September 19, 2008, Western Warrior had
59,440,683 Common Shares outstanding.
"The Board of Directors believe that it is in the best interests of
the company to place a number of resolutions before the shareholders at
the Meeting, including the special resolution to effect the
Consolidation, in order to provide for a more effective platform for Paul
Nagerl, the recently appointed President and Chief Executive Officer, and
his management team to move the company forward and build shareholder
value", commented Allan Dolan, Chairman of Western Warrior.
About Western Warrior: Western Warrior is a Calgary-based,
multi-commodity, mineral exploration company with 100% ownership of
properties in Northwestern Ontario, Northern Manitoba, and Alaska.
Western Warrior's website address is www.westernwarrior.ca
For further information please contact:
Western Warrior Resources Inc.
Allan Dolan, Chairman
Phone: +44 207 591 4437
To be added to Western Warrior's
private email list, please contact info@westernwarrior.ca
This news release contains
forward-looking statements concerning the company's intention to complete
the Consolidation and Western Warrior's belief on the results and impact
of the Consolidation which are based on Western Warrior's current
internal expectations. These statements are not a guarantee that the
Consolidation will be completed or that such results and impacts will
take place and undue reliance should not be placed on them. Such
forward-looking statements necessarily involve known and unknown risks
and uncertainties that are common to junior mineral exploration
companies. These risks and uncertainties include, among other things,
changes in general economic, market and business conditions and the
receipt of applicable approvals. The company undertakes no obligation to
update or revise any forward-looking statements except as required by
applicable securities laws.
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy
of this release.
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