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Post by Franko10 ™ on Sept 11, 2004 14:38:54 GMT -5
News Release
February 12, 2001
Shane to Reprice Warrants
Shane Resources Ltd. (CDNX-SEI) announces that, subject to acceptance by the Canadian Venture Exchange and the consent of the warrant holders, it will reprice 2,210,000 share purchase warrants (500,000 of which are flow-through) currently outstanding from $0.40 per share to $0.15 per share. These warrants will remain exercisable until February 10, 2002.
The average closing price of the Company’s shares over the preceding 10 days was $0.15.
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.
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