Sorry for the delay in getting this posted.
JNR RESOURCES INC ("JNN-V;JNRRF-L") - Options Granted and Amended
Mr. Dale W. Hoffman, President of JNR Resources Inc. (the "Company"), reports that the Company has granted an option to an employee to purchase up to 500,000 common shares of the Company at a price of $0.15 per share for a period of two years from this date. The exercise price of the stock option was determined in accordance with the
prevailing policies of the Vancouver Stock Exchange (the "Exchange"), and the grant of the stock option is subject to the acceptance of the Exchange.
As well, the Company has agreed to amend the exercise price of share purchase options granted February 3, 1997, to two employees, on a total of 480,000 shares. The exercise price of the options, which expire February 3, 1999, will be reduced from $0.43 per share to $0.15 per share to better reflect current market prices of the Company's shares, subject to Exchange approval.
TEL: (604) 684-5118
Dale W. Hoffman, President TOLL FREE: 1-800-661-4050 FAX: (604) 682-8566 (FAX)
INTERNET: jnrresources.com E-MAIL: info@jnrresources.com |
