Capstone Mining Corp.
TSX : CS

Capstone Mining Corp.
Silverstone Resources Corp.

Silverstone Resources Corp.

June 05, 2006 11:33 ET

Capstone Mining Corp.: Silverstone Resources Corp. Completes Initial Public Offering by Way of Dividend-in Kind

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - SILVERSTONE RESOURCES CORP. ("Silverstone") and CAPSTONE MINING CORP. ("Capstone") (TSX:CS) is pleased to announce that Silverstone has completed its initial public offering by way of distribution as a dividend-in-kind to the shareholders of Capstone. The dividend-in-kind was paid on the basis of one unit of Silverstone for every three shares of Capstone held. The units consist of one common share in the capital stock of Silverstone and one half of one transferable share purchase warrant to purchase common shares in the capital stock of Silverstone. Delivery of the units of Silverstone will be made by Silverstone's transfer agent to all registered shareholders of Capstone, provided that for certain shareholders resident in the United States the units will be held in trust until dividend entitlements can be distributed in accordance with applicable U.S. federal and state securities laws. Delivery of Silverstone's common shares to shareholders of Capstone holding shares through broker-dealers will be conducted through the applicable securities depositories. Silverstone's common shares will trade on the TSX Venture Exchange under the symbol "SST". Trading is expected to commence on or before June 9, 2006, subject to regulatory approval. A bulletin will be issued by the TSX Venture Exchange disclosing the initial trading date for Silverstone. The warrants will be delivered to the shareholders of Capstone following the date of listing.

ON BEHALF OF THE BOARD

Darren M. Pylot, President & CEO


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Capstone Mining Corp.
    Silverstone Resources Corp.
    Darren M. Pylot, President & CEO
    (604) 684-8894
    (604) 688-2180 (FAX)
    www.capstonemining.com