Cypango Ventures Ltd. (CAV) Message Board

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Gold/Mining/Energy : Cypango Ventures Ltd. (CAV)

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To: VAUGHN who wrote (433)	4/23/1999 7:09:00 PM
From: Alfonso Agostino	Read Replies (1) of 457

CYPANGO VENTURES LTD ("CAV-V;CYPGF-L") - Cancels Previously Granted Stock Options Cypango Ventures Ltd. wishes to announce that it has cancelled all previously granted incentive stock options, with the exception of 425,000 granted to a Director of the Company at $0.18 and that it will now seek regulatory approval to the grant of, in the aggregate, 1,000,000 director and/or employee stock options for a two (2) year period at $0.15 per share. The Company wishes to announce further that it has sought regulatory approval to the extension of the term of the share purchase warrants (the "Warrants") attaching to its May, 1998 $0.15 Special Warrant Private Placement. The term will be extended by six months to expire on November 22, 1999. The Warrants will be exercisable during the extension, from May 22, 1999 onwards, at $0.18 per share. TEL: (604) 684-4312 or Michael Sweatman, President & Director TEL: (604) 688-6306 FAX: (604) 684-9651 TOLL FREE: 800-545-7214 SO GUYS IS THIS A GOOD THING? OR A BAD THING? Alfonso

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