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Post by Franko10 ™ on Oct 2, 2004 14:04:39 GMT -5
Claimstaker Resources Ltd. Announces Private Placement Closed VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Claimstaker Resources Ltd. (VSE symbol - CLN) announce that the non-brokered private placement reported in its news release of January 26, 1999 and amended May 27, 1999, has now been closed. A total of 1,125,000 units will be issued at a price of $0.40 each to raise an aggregate of $450,000. Each unit consists of one share and one non-transferable warrant entitling the holder to purchase one additional share of the Company's common stock at the price of $0.50 for a one-year period. The common shares and any shares issued on the exercise of the original share purchase warrants will be subject to a "hold period" until May 19, 2000. The funds will be added to the Company's general working capital. On behalf of the Board of Directors, Richard Somerville, President and CEO -30- FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Mr. Robert Veitch Investor Relations 1-888-236-5200 Website: www.claimstakerresources.comE-mail: cln@direct.ca The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
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