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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?


To: Ned Land who wrote (3518)9/14/1999 10:26:00 AM
From: JP  Respond to of 4256
 
MONTELLO RESOURCES LTD.
Title Re Prices Stock Options

MONTELLO RESOURCES LTD ("MEO-Y;MLORF-L")
- Re-Prices Stock Options

Montello Resources Ltd. announces that further to the news release
dated June 4, 1999 it has re-priced, subject to all necessary regulatory
and shareholder approvals, the incentive stock options issued to certain
directors, officers and employees of the Company to purchase in the
aggregate 1,931,000 common shares in the capital stock of the Company.
These options are exercisable on or before June 3, 2004, and have been
re-priced from $0.23 to $0.15.

TEL: (604) 689-1799 Patrick Power, President
FAX: (604) 689-8199
E-MAIL: ppower@montello.com
WEBSITE: www.montello.com