Quri Resources, Inc. (fka QURS)

[MrBigz]

Quri Resources, Inc. restructures capital 2009-07-20

Quito, Ecuador 2009-07-20. Quri Resources Inc.- Quito, Ecudor July 20th, 2009.- Quri Resources, Inc. (QURI) Announces Effective Date for Reverse Stock Split and New Stock Symbol.

Quri Resources, Inc. (Pink Sheet: QURI) announced today a 1-for-100 reverse split of its common stock and the new trading symbol of QURS effective as of the open of business on July 21, 2009.

Jaime S. Gomez, CEO of Quri Resources, stated, “We just completed the acquisition of La Conquista gold mine project in Ecuador and entered into an agreement for financing for 3 million Euros. As part of these agreements we were required to restructure our capital stock. This is an exciting time for our company and our shareholders. It’s my hope that our shareholders will see this as a positive step towards explosive growth. We are a fast growing company in an exciting industry.”

At the effective time of the reverse stock split each one hundred (100) shares of Common Stock of Quri Resources, Inc., will automatically convert into one (1) share of Common Stock. This effectively reduces the total issued and outstanding shares to 2,499,975. No fractional shares will be issued in connection with the reverse stock split. Instead, any fractional share resulting from the reverse stock split will be rounded up to the next largest whole share.