Post by Franko10 ™ on Oct 2, 2004 14:31:38 GMT -5
New Director and Officer, Corporate Name Change and
Incentive Options
VANCOUVER, BRITISH COLUMBIA--On April 12, 2001, the Board of
Directors of Claimstaker Resources Ltd. (CDNX symbol: CLN) (the
"Company") appointed Mr. Driff Cameron of Burlington, Ontario as a
Director. Mr. Cameron is the Vice President of Exploration for
High River Gold Mines Ltd., a junior gold producer with
headquarters in Toronto, Ontario. A graduate of Acadia University,
Mr. Cameron is a fellow of the Geological Association of Canada
and a member of the Association of Geoscientists of Ontario, the
Canadian Institute of Mining, Metallurgy and Petroleum, the
Prospectors and Developers Association of Canada and the Society
of Economic Geologists. Mr. Cameron has over 30 years of
international experience in the field of exploration for precious
and base metals, uranium and industrial minerals and has a record
of generating successful projects. Mr. Cameron's participation
will be valuable to the Company as he has experience in all facets
of exploration, from implementation to direction, and in
administration and management.
The Board also appointed Mr. Ralph Braun as the Company's Chief
Financial Officer. Mr. Braun has an MBA from the University of
Western Washington and is a designated CGA. Mr. Braun has strong
financial and accounting experience and was the Controller for the
Canadian Home Income Plan, one of North America's leading
providers of home equity mortgage financing for seniors. Mr. Braun
was responsible for the development and implementation of an
industry leading mortgage origination and management software for
the Canadian Home Income Plan and has extensive Information
Technology (IT) experience in the areas of data management,
project management, software application development and
implementation. Mr. Braun's talents will greatly assist the
Company in the areas of finance, IT development and project
planning and management.
The Board also announces the resignation of Mr. Paul Sorbara of
Surrey, BC as a Director of the Company. Regretfully, due to the
increase of business activities at Golden Goliath Resources Ltd.,
Mr. Sorbara is unable to commit the time as a Board member. We
sincerely thank Mr. Sorbara for his contributions to the Company.
Further, the Company announces that it proposes to seek
shareholder approval at its upcoming Annual General Meeting to be
held on June 15, 2001 for a name change to J-Pacific Gold Inc.
Subject to shareholder and regulatory approval, the Company will
make the name change effective shortly after the Annual General
Meeting. The Company does not propose to consolidate its share
capital.
The Company announces that it has granted incentive options to
directors, an officer and a consultant of the Company for the
purchase of a total 375,000 common shares for a period of two
years at a price of $0.15 per share.
In addition, the Company has amended the price of directors',
employees' and consultants' stock options exercisable to purchase
a total of 695,000 shares (20,000 shares of which were purchasable
until October 5, 2001 at $0.34 per share, 250,000 shares of which
were purchasable until February 1, 2002 at $0.20 per share,
275,000 shares of which were purchasable until June 8, 2002 at
$0.22 per share and 150,000 shares of which were purchasable until
September 22, 2002 at $0.22 per share), to a price of $0.15 per
share.
The grant and amendment of the stock options is subject to all
applicable regulatory and shareholder approval.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Nick Ferris
Investor Relations
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
Email: ir@claimstakerresources.com
Website: www.claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.
Incentive Options
VANCOUVER, BRITISH COLUMBIA--On April 12, 2001, the Board of
Directors of Claimstaker Resources Ltd. (CDNX symbol: CLN) (the
"Company") appointed Mr. Driff Cameron of Burlington, Ontario as a
Director. Mr. Cameron is the Vice President of Exploration for
High River Gold Mines Ltd., a junior gold producer with
headquarters in Toronto, Ontario. A graduate of Acadia University,
Mr. Cameron is a fellow of the Geological Association of Canada
and a member of the Association of Geoscientists of Ontario, the
Canadian Institute of Mining, Metallurgy and Petroleum, the
Prospectors and Developers Association of Canada and the Society
of Economic Geologists. Mr. Cameron has over 30 years of
international experience in the field of exploration for precious
and base metals, uranium and industrial minerals and has a record
of generating successful projects. Mr. Cameron's participation
will be valuable to the Company as he has experience in all facets
of exploration, from implementation to direction, and in
administration and management.
The Board also appointed Mr. Ralph Braun as the Company's Chief
Financial Officer. Mr. Braun has an MBA from the University of
Western Washington and is a designated CGA. Mr. Braun has strong
financial and accounting experience and was the Controller for the
Canadian Home Income Plan, one of North America's leading
providers of home equity mortgage financing for seniors. Mr. Braun
was responsible for the development and implementation of an
industry leading mortgage origination and management software for
the Canadian Home Income Plan and has extensive Information
Technology (IT) experience in the areas of data management,
project management, software application development and
implementation. Mr. Braun's talents will greatly assist the
Company in the areas of finance, IT development and project
planning and management.
The Board also announces the resignation of Mr. Paul Sorbara of
Surrey, BC as a Director of the Company. Regretfully, due to the
increase of business activities at Golden Goliath Resources Ltd.,
Mr. Sorbara is unable to commit the time as a Board member. We
sincerely thank Mr. Sorbara for his contributions to the Company.
Further, the Company announces that it proposes to seek
shareholder approval at its upcoming Annual General Meeting to be
held on June 15, 2001 for a name change to J-Pacific Gold Inc.
Subject to shareholder and regulatory approval, the Company will
make the name change effective shortly after the Annual General
Meeting. The Company does not propose to consolidate its share
capital.
The Company announces that it has granted incentive options to
directors, an officer and a consultant of the Company for the
purchase of a total 375,000 common shares for a period of two
years at a price of $0.15 per share.
In addition, the Company has amended the price of directors',
employees' and consultants' stock options exercisable to purchase
a total of 695,000 shares (20,000 shares of which were purchasable
until October 5, 2001 at $0.34 per share, 250,000 shares of which
were purchasable until February 1, 2002 at $0.20 per share,
275,000 shares of which were purchasable until June 8, 2002 at
$0.22 per share and 150,000 shares of which were purchasable until
September 22, 2002 at $0.22 per share), to a price of $0.15 per
share.
The grant and amendment of the stock options is subject to all
applicable regulatory and shareholder approval.
On behalf of the Board of Directors,
N. Ferris, President and CEO
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Claimstaker Resources Ltd.
Mr. Nick Ferris
Investor Relations
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
Email: ir@claimstakerresources.com
Website: www.claimstakerresources.com
The Canadian Venture Exchange has neither approved nor disapproved
of the information contained herein.