JUNE 17, 2009 – JIULIAN RESOURCES INC. (the “Company”) (TSXV: JLR.P) is pleased to announce that the TSX Venture Exchange (the “Exchange”) has granted its request for a six month extension of the time within which it is required to complete its Qualifying Transaction (“QT”).
Due to the current difficult market environment, the Company needed extra time to complete its QT and submitted its application for extension to the Exchange on June 8, 2009 in an e-mail and June 15, 2009 by letter. The Exchange considered the Company’s extension application in accordance with the Temporary Relief Measures and has granted the Company the maximum six (6) month extension to December 22, 2009 to complete a QT, evidenced by a Final Exchange Bulletin.
For further information, please contact:
X. Charlie Cheng, Chief Executive Officer and Director of JLR at 604-639-4418 or by general email:
ON BEHALF OF THE BOARD OF DIRECTORS
“X. Charlie Cheng”
X. Charlie Cheng, Chief Executive Officer, Director
Completion of the transaction is subject to a number of conditions including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.