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
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Mr. Robert Veitch Investor Relations 1-888-236-5200 Website: www.claimstakerresources.com E-mail: email@example.com The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 20:46:38 GMT -5 by Franko10 ™
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