VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Claimstaker Resources Ltd. (VSE symbol: CLN) is pleased to announce that it has concluded negotiations for the private placement of 961,538 Units of the Company at the price of $0.65 per Unit, (for a total of $625,000). Each Unit consists of one common share and one warrant, each warrant will entitle the holder to purchase one additional share of the Company at a price of $0.80 per share for a period of 12 months. Net proceeds from the private placement will be added to the general working capital of the Company.
This private placement is subject to acceptance by the securities regulatory authorities.
On behalf of the Board of Directors,
F.J. Sveinson, Director
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Mr. Robert Veitch Investor Relations 1-888-236-5200 Website: www.claimstakerresources.com Email: email@example.com The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 20:35:31 GMT -5 by Franko10 ™
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