Oxbow Resources Announces Corporate Restructuring Plan
DOVER, DE--September 23, 2008 -- Oxbow Resources (PINKSHEETS: OXWR),
a company that is using innovative geological concepts and
exploration technology to discover new gold and silver resources in
well-established mineral belts, announces it has plans to improve the
Company through restructuring the board of directors as well as
incorporating a more global focus.
Oxbow Resources is aggressively pursuing qualified and experienced
professionals to lead the Company towards its long term goal of
becoming a world class precious metals exploration company. Initial
discussions are already underway to take advantage of the wealth of
talent that is currently available due to poor market conditions. The
new board and management team will be strong in global mineral
exploration expertise and capital raising ability.
Oxbows strengthened board of directors will place the company in a
better position to expand its mineral holdings world wide and raise
the money necessary to put into place an aggressive exploration
program. The Bristol Gold project in British Columbia will remain a
primary focus but during the recent market downturn there are many
projects, World wide, that Oxbow will look to acquire at bargain
prices.
Oxbow Resources focuses on the acquisition and development of
high-quality gold properties in North America and other continents.
The company's flagship property is the Bristol Gold project located
in British Columbia, Canada. This project has a very promising
technical report which can be viewed at the company website. Bristol
Gold is located less than 20 kilometers away from the
Bralorne-Pioneer gold mine --historically, the largest gold mine in
western Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations:
Direct: (702)-664-1164
Toll Free: 1-888-464-5314
Website: http:www.oxbowresources.com
Email: info@oxbowresources.com
Cautionary Statement
All statements, other than statements of historical fact, in this
news release are forward-looking statements that involve various
risks and uncertainties, including, without limitation, statements
regarding the potential extent of mineralization and reserves,
exploration results and future plans and objectives of Oxbow
Resources Ltd. These risks and uncertainties include, but are not
restricted to, the amount of geological data available, the uncertain
reliability of drilling results and geophysical and geological data
and the interpretation thereof and the need for adequate financing
for future exploration and development efforts. There can be no
assurance that such statements will prove to be accurate. Actual
results and future events could differ materially from those
anticipated in such statements. These and all subsequent written and
oral forward-looking statements are based on the estimates and
opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice. The Company assumes no
obligation to update forward-looking statements should circumstances
or management's estimates or opinions change.
