ORANGEVILLE, Ontario, Oct. 25, 2004 (PRIMEZONE) -- Osprey Gold Corp. ("Osprey") (OTCBB:OSGL) today announced that a majority of the Board of Directors and a major shareholder have agreed not to proceed with the reverse stock split previously intended.
This press release includes statements, which may constitute "forward-looking statements". These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These factors include, without limitation, future trends in mining prices, the availability of capital for development in the mining sector, competitive factors and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission.