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Simberi Gold Corporation: Press Release
January 30, 2006
Simberi Gold Corporation ("Simberi") (TSX VENTURE:SAU) - Simberi announced today that it has commenced trading on the Berlin-Bremin Stock Exchange (the "BBSE") based in Berlin, Germany. The company trades on the over the counter market of the BBSE under the symbol S9X.
Additionally, Simberi announces that subject to regulatory approval, it has granted 1,000,000 stock options to a director of a subsidiary of Simberi. The stock options, which vest quarterly over an 18 month period, are excisable at a price of $0.24 for a period of 5 years from the date of grant. The common shares issuable upon exercise of the stock options will be subject to a 4 month hold period from the date of grant.
Simberi is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The company's objective is to aggressively explore the potential for investing in a number of precious and base metal properties with the aim to become a metal producer.
To find out more about Simberi (TSX VENTURE:SAU), please contact Mike Newbury or Shanda Theaker at (416) 603-7200 or visit our website at www.simberigold.com.
This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.
SOURCE: Simberi Gold Corporation
Simberi Gold Corporation Mike Newbury or Shanda Theaker (416) 603-7200 www.simberigold.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
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