Typhoon Modifies the Price of its Stock Option
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Fri, 03 Jul 2009 19:24:17 GMT |
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TYPHOON EXPLORATION INC. |
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LAVAL, CANADA -- 07/03/09 --
Typhoon Exploration Inc. (TSX VENTURE: TYP) announce that subject to the approval of its disinterested shareholders at the annual and special meeting of August 11th, 2009 as well as the approval of the TSX Venture Exchange (the "Exchange"), the company plans to modify the exercise price of 285,000 stock options already granted to a price of $0.115 per share, i.e. the closing price of the common shares on the Exchange on July 2, 2009.
Exploration Work
The company mandated his consultants to complete a major compilation of the whole sector covered by the properties Fayolle and Aiguebelle-Goldfields. Moreover this compilation will be able to include certain neighbouring sectors. This report should be available for the autumn 2009.
The common shares of Typhoon Exploration are listed on the Venture Stock Exchange under the symbol "TYP".
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Typhoon Exploration Inc.
David Mc Donald, President and CEO
450-622-4066
Toll-free: 1-877-622-4004
450-622-4337 (FAX)
info@explorationtyphon.com
www.explorationtyphon.com
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