Post by Franko10 ™ on Sept 11, 2004 14:37:26 GMT -5
November 14, 2000
Shane JV to begin Smeaton drilling; stock options
Drilling will commence on the United Carina/Consolidated Pine Channel/Shane joint venture Smeaton diamond properties upon completion of mobilization of men and equipment. The drilling will be contracted to Major Midwest Drilling, using H-size core.
Shane may earn a 50-per-cent interest in the Smeaton area properties by issuing a total of 100,000 shares to United Carina Resources Corp. and Consolidated Pine Channel, and expending $900,000 on the property.
Shane has cancelled 500,000 employee stock options and issued 400,000 employee stock options at a price of 25 cents per share, subject to regulatory approval. Shane has terminated an investor relations contract with Wayne Gruden.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents 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.