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
FOR FURTHER INFORMATION PLEASE CONTACT: Claimstaker Resources Ltd. Mr. Robert Veitch Investor Relations 1-888-236-5200 Website: www.claimstakerresources.com Email: firstname.lastname@example.org The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
Last Edit: Jan 31, 2005 20:48:12 GMT -5 by Franko10 ™
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