Vancouver, BC - Further to the Company's news releases of December 2 and December 3, 2003, the Company announces that it has increased the size of the private placement by an additional 100,000 units or $40,000. The private placement will now consist of a total of 1,650,000 units at a price of $0.40 per unit for gross proceeds of $660,000.
Vancouver, BC - Further to the Company's news release of December 2, 2003, the Company announces that it has increased the size of the private placement by an additional 300,000 units or $120,000. The private placement will now consist of a total of 1,550,000 units at a price of $0.40 per unit for gross proceeds of $620,000.
Vancouver, BC - The Company is pleased to announce the appointment of Mr. Steven Chi to the board of directors. Mr. Steven Chi is a mining engineer with a distinguished career as an executive for the international mining and construction giant, Washington Group International (formerly Morrison Knudsen Company). Mr.
Vancouver, BC - Pinnacle Mines Ltd. reports, subject to regulatory approval, the granting of incentive stock options in respect of a total of 350,000 common shares to directors and officers of the company at a price of $0.40 per common share and exercisable for a five year period.
Vancouver, BC - Pinnacle Mines Ltd. reports that during September field crews conducted an exploration program consisting of reconnaissance mapping and prospecting on its wholly owned Surprise Creek property, east of Stewart, British Columbia. The regional prospecting program was wide spaced and several areas of interest were identified.