LATITUDE MINERALS CORP.
1711 E. TRENT AVE., SPOKANE WA 99202
Tel. 416.762.8995 Fax: (509) 536-6442
LATITUDE PRIVATE PLACEMENT CLOSED, OPTIONS GRANTED
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Spokane Washington, May 4, 2000. Latitude Minerals Corporation (LTU.CDNX) wishes to announce the closing of its private placement totalling Cdn$172,000. These funds were raised by the company issuing 1,146,664 units at a price of Cdn$0,15 per unit, each unit consisting of one common share and one non-transferable share purchase warrant. The shares, and any shares to be issued upon the exercise of the warrants, are subject to a hold period in British Columbia expiring 12:00 (midnight) August 27, 2000.
The Company further announces the granting of incentive stock options to certain directors and employees of the Company to purchase up to 450,000 common shares in its capital stock at a price of Cdn$0.15 per share, exercisable until May 4, 2002. The granting of the stock options is subject to the acceptance of the Canadian Venture Exchange.
Additional information:
Investor Relations (416) 762-8995
latitudeminerals.com
info@latitudeminerals.com
ON BEHALF OF THE BOARD
Latitude Minerals Corporation.
John R. Carden,
President and Director
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
