Owner
Post by Franko10 ™ on Sept 11, 2004 12:13:48 GMT -5
Options Granted and Amended
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Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), reports that the Company has today granted an option to an employee to purchase up to 500,000 common shares of the Company at a price of $0.15 per share for a period of two years from this date. The exercise
price of the stock option was determined in accordance with the prevailing policies of the Vancouver Stock Exchange (the "Exchange"), and the grant of the stock option is subject to the acceptance of
the Exchange.
As well, the Company has agreed to amend the exercise price of share purchase options granted February 3, 1997, to two employees, on a total of 480,000 shares. The exercise price of the options, which expire February 3, 1999, will be reduced from $0.43 per share to $0.15 per share to better reflect current market prices of the Company's shares, subject to Exchange approval.
JNR RESOURCES INC.
Dale W. Hoffman, President
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
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Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), reports that the Company has today granted an option to an employee to purchase up to 500,000 common shares of the Company at a price of $0.15 per share for a period of two years from this date. The exercise
price of the stock option was determined in accordance with the prevailing policies of the Vancouver Stock Exchange (the "Exchange"), and the grant of the stock option is subject to the acceptance of
the Exchange.
As well, the Company has agreed to amend the exercise price of share purchase options granted February 3, 1997, to two employees, on a total of 480,000 shares. The exercise price of the options, which expire February 3, 1999, will be reduced from $0.43 per share to $0.15 per share to better reflect current market prices of the Company's shares, subject to Exchange approval.
JNR RESOURCES INC.
Dale W. Hoffman, President
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the content of this News Release.
