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Company Update
posted on
Jan 20, 2009 03:05AM
January 20, 2009
Habanero Resources Inc.: Company Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2009) - Habanero Resources Inc. (TSX VENTURE:HAO)(PINK SHEETS:HBNRF) (the "Company") announces that two of the Oilsands leases, which the Company had a 50% interest in, have been dropped. These leases are located in Peace River and in the Athabasca Oilsands regions. Due to current market conditions management felt that this was the most prudent course of action and is considering potential restructuring and/or financing of the Company.
