BELLINGHAM, Wash., Sept. 25, 2007 (PRIME NEWSWIRE) -- Chanaral Resources Inc. (Pink Sheets:CRLR) (Frankfurt:BYH) announces that the company has cancelled 90 million shares that were issued to a third party. As a result of the transaction, the total issued and outstanding number of shares is reduced to 76,774,680.
About Chanaral Resources:
Chanaral Resources, Inc. (http://chanaralresources.com/) is an early stage U.S. based junior resource exploration, company. The company's strategy is based on acquiring properties that have shown potential for further exploration and development. The company utilizes a team of resource industry experts to locate and verify mining properties that thru previous exploration and test results have warranted future development. The company's objective is to become a major player in the global mining and resource industry.
Safe Harbor Statement Under the Private Securities Litigation
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.