Neil S. Subin Disposes of Common Shares of Corridor Resources Inc.

WEST PALM BEACH, Fla., April 02, 2018 (GLOBE NEWSWIRE) -- Neil S. Subin announced the disposition of control or direction over 264,000 common shares (the “Shares”) of Corridor Resources Inc. (“Corridor”) representing a decrease in Mr. Subin’s securityholding percentage of approximately 0.30% of the issued and outstanding Shares. Mr. Subin disposed of the Shares through Lloyd I. Miller, III Trust A-4, MBM Trust A-4 and MILFAM II L.P.

Prior to the disposition, Mr. Subin disposed of control or direction over 1,678,000 Shares through the above entities. Following the dispositions, Mr. Subin’s securityholding percentage decreased from 11.99% as previously reported, to 9.80%.

The transactions that resulted in the issuance of this release were completed through the facilities of the Toronto Stock Exchange, Alpha Exchange, NASDAQ CX2, NASDAQ CX, Omega ATS and Aequitas NEO Exchange for total consideration of CDN$184,920.

The disposition was part of Mr. Subin’s and the above entities normal investment activities. Depending on the evolution of Corridor’s business, financial condition, the market, if any, for Corridor’s securities, general economic conditions and other factors, Mr. Subin and his joint actors may acquire additional securities of Corridor or sell some or all of the securities they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions and other relevant factors.

This press release is being issued pursuant to section 5.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids.  For inquiries or a copy of the related early warning reports for the above-named companies, copies of which are filed on www.sedar.com, please contact: