RE: Holy Moly .... 6.2 mil share cross!methinks this is our man Micro.....unless you unloaded your 6.2 mil shares today!
REPORT UNDER PART 4
of
NATIONAL INSTRUMENT 62-103
Watch Resources Ltd. ("Watch")
1. The name and address of the eligible institutional investor:
UTA Asset Management Corp. ("UTA")
1700, 444 - 5th Avenue SW
Calgary, Alberta T2P 2T8
3. The designation and number or principal amount of securities and the eligible institutional investor's securityholding percentage in the class of securities at the end of the month for which the report is made:
6,269,334 Common Shares and 3,166,668 warrants to acquire Common Shares ("Warrants") representing approximately 15.3% of the issued and outstanding Common Shares, or approximately 21.4% of the Common Shares assuming the exercise of the Warrants. Each Warrant entitles the holder to acquire one additional Common Share at a price of $0.40 for a period of two years expiring on June 21, 2006.