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Concorde Resources Corp.: Concorde Resources Corp: Revised Common Issued and Outstanding Reduced by 31%

Wed, 14 Jun 2006 10:45:00 PDT

PORT ST. LUCIE, FL (MARKET WIRE) Concorde Resources Corp (PINKSHEETS: CCDX) announced today that certain common shareholders have arranged with the Company to surrender 13,217,029 shares of common stock in exchange for CCDX Preferred "B" shares. The Preferred B shares are restricted for two years from issue, pay a 5% annual dividend, and are non-voting until converted. CCDX Preferred B shares are CUSIP 20651U-20-2.

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