Ryan J. Driscoll

May 16, 2006 19:06 ET

Ryan J. Driscoll: Early Warning Report-Altima Resources Ltd.

BURLINGTON, ONTARIO--(CCNMatthews - May 16, 2006) - Ryan Driscoll of 2064 Country Club Drive, Burlington, Ontario, V7M 3V4 filed an early warning report dated May 16, 2006 advising of his holdings in Altima Resources Ltd. ("Altima"), which is listed on the TSX Venture Exchange.

Mr. Driscoll recently acquired beneficial ownership of 945,500 shares of Altima through the facilities of the TSX Venture Exchange. These securities represent 5% of the issued and outstanding common shares of Altima.

Immediately following the purchase of the aforesaid 945,500 shares, Mr. Driscoll owned or controlled 1,000,000 common shares of Altima as well as additional share purchase warrants to acquire a further 1,000,000 shares. These securities represent an aggregate 2,945,500 common shares or 17% of the issued and outstanding shares of Altima, calculated assuming exercise of all warrants held and/or controlled by Mr. Driscoll.

The shares were acquired for investment purposes and Mr. Driscoll may acquire further securities of Altima in the future.

A copy of the report filed in accordance with applicable securities legislation may be obtained by contacting Mr. Driscoll at 416-854-2956.

""Ryan Driscoll"

Ryan J. Driscoll

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Ryan J. Driscoll
    (416) 854-2956