Jan 16 (Reuters) - Corridor Resources Inc CDH.TO :
* CORRIDOR RESOURCES PROVIDES UPDATE ON PREVIOUSLY ANNOUNCED FINANCING
* CORRIDOR RESOURCES- NEIL ROSZELL, JASON JASKELA, OTHERS AGREED TO NON-BROKERED PRIVATE PLACEMENT OF CO'S UNITS FOR GROSS PROCEEDS OF $20 MILLION
* CORRIDOR RESOURCES- NEIL ROSZELL, JASON JASKELA, OTHERS AGREED FOR APPOINTMENT OF NEW MANAGEMENT TEAM & RECONSTITUTION OF CO'S BOARD
* CORRIDOR RESOURCES- NEIL ROSZELL, JASON JASKELA, OTHERS AGREED TO BROKERED PRIVATE PLACEMENT OF CO'S SHARES FOR PROCEEDS OF UP TO $30 MILLION
* CORRIDOR RESOURCES- WILL ISSUE SUBSCRIPTION RECEIPTS INSTEAD OF SHARES PURSUANT TO BROKERED PRIVATE PLACEMENT
* CORRIDOR RESOURCES- IF MEETING IS HELD, ANTICIPATED THAT SHAREHOLDERS OF CO WILL BE ASKED TO APPROVE CHANGE OF CO'S NAME TO HEADWATER EXPLORATION INC.