Detector Exploration Ltd.

April 12, 2007 13:10 ET

Detector Announces Amendment to Stock Option Plan

CALGARY, ALBERTA--(CCNMatthews - April 12, 2007) - DETECTOR EXPLORATION LTD. (TSX VENTURE:DEX) ("Detector") announces that Detector is seeking TSX Venture Exchange approval to amending Detector's stock option plan to set the number of options issuable under the stock option plan at 2,380,000. Detector also plans to seek shareholder approval of the amendment to the stock option plan at Detector's upcoming shareholders meeting.

As of April 11, 2007 Detector has outstanding 11,918,701 Common Shares, and 590,000 options to acquire Common Shares. Additionally, Detector has determined that Detector's "public float" (the number of shares outstanding not held by directors, officers, promoters, 10% shareholders or their affiliates, spouses, and other associates and not under any hold period or escrow restrictions) is 6,182,116 based on information provided to Detector by its insiders.

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

Contact Information

  • Detector Exploration Ltd.
    Ronald E. Alexander
    (403) 264-1880
    (403) 265-9105 (FAX)
    Detector Exploration Ltd.
    #650, 520 - 5th Avenue S.W.
    Calgary, Alberta, T2P 3R7
    (403) 264-1880
    (403) 265-9105 (FAX)