Aquiline Resources Inc.

Aquiline Resources Inc.

October 14, 2005 09:34 ET

Aquiline Grants Employee Options

TORONTO, ONTARIO--(CCNMatthews - Oct. 14, 2005) - Aquiline Resources Inc. (TSX VENTURE:AQI) announces that it has granted 1,395,000 options to certain officers, directors and consultants of the Corporation. These options have been granted to employees, officers and directors of the Company that work in the company's Toronto Headoffice Office as well as those employees that work in its Field Office located in Jacobacci, Argentina. Each option has an exercise price of $1.75 and is exercisable for a period of two years.

In further news the company has received TSX Venture Exchange approval for the previously announced (see company press release dated October 7th, 2005) non-brokered private placement. This placement has now closed.

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

Contact Information

  • Aquiline Resources Inc.
    Marc C. Henderson
    President & CEO
    (416) 599-4133
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