Post by Franko10 ™ on Sept 11, 2004 14:34:33 GMT -5
May 30, 2000
Private Placement of Warrants Canceled
Shane Resources Ltd. announces that a private placement of 1,000,000 special warrants at $0.50 per special warrant, announced in it's News Release on March 31, 2000, will not be proceeded with due to current market conditions. The Company is currently funded to carry out this year's exploration programs, details of which will be announced in the near future. Drilling plans are being completed for the Company's Saskatchewan diamond properties, and drilling will commence in June.
The Company also announces that at the recent Annual General Meeting, Mr. Jim Blair stepped down as director. The Company would like to thank Mr. Blair for his contributions to the Company during the past year.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Mr. Rick Walker Director
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.