Owner
Post by Franko10 ™ on Oct 2, 2004 14:06:52 GMT -5
Claimstaker Resources Extends Term of Warrants
VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Claimstaker
Resources Ltd. (VSE symbol - CLN) announces that the Company has
made application to extend by six months the term of 1,016,000
warrants due to expire on October 6, 1999. The exercise price of
the warrants is $0.30 and each warrant is exercisable to acquire
one additional common share of the Company. Of the 1,016,000
warrants, 916,000 are held by insiders and associates of insiders.
The Company has also granted non-assignable, non-transferable
incentive stock options in respect to a total of 120,000 shares in
the Company to a director and an employee. The options are
exercisable at $0.34 for two years, being the average closing
price for the past two weeks of the Company's shares on the
Vancouver Stock Exchange.
The above are subject to regulatory approval.
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.com
Email: cln@direct.ca
The Vancouver Stock Exchange has neither approved nor disapproved
of the information contained herein.
VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Claimstaker
Resources Ltd. (VSE symbol - CLN) announces that the Company has
made application to extend by six months the term of 1,016,000
warrants due to expire on October 6, 1999. The exercise price of
the warrants is $0.30 and each warrant is exercisable to acquire
one additional common share of the Company. Of the 1,016,000
warrants, 916,000 are held by insiders and associates of insiders.
The Company has also granted non-assignable, non-transferable
incentive stock options in respect to a total of 120,000 shares in
the Company to a director and an employee. The options are
exercisable at $0.34 for two years, being the average closing
price for the past two weeks of the Company's shares on the
Vancouver Stock Exchange.
The above are subject to regulatory approval.
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.com
Email: cln@direct.ca
The Vancouver Stock Exchange has neither approved nor disapproved
of the information contained herein.
