OTCQX:HBORF - Post by User
Post by
deeperiniton Jan 12, 2005 11:33am
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Post# 8419241
NEWS
NEWSLakota Terminates Financing Engagement and Grants Options
1/12/05
TORONTO, ONTARIO, Jan 12, 2005 (CCNMatthews via COMTEX) --
Lakota Resources Inc. (TSX VENTURE:LAK)("the Company") wishes to announce that on January 11, 2005 the engagement agreement with First Associates Investments Inc. and Dominick & Dominick Securities Inc. with respect to the private placement of 10 million units previously announced on November 2, 2004 and December 9, 2004 was terminated upon mutual agreement. The Company intends to pursue other financing options to fund their aggressive exploration programs in Tanzania.
In an unrelated matter, on December 7, 2004, the Board of Directors granted 100,000 options to its newest board member, Mr. William Koble, and to its Chairman, Mr. George Breuler, 50,000 options, all at a strike price of $0.69 per share.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performances and that actual developments or results may vary materially from those in these "forward-looking statements".
Outstanding Shares: 27,316,134