West Materials

June 01, 2006 12:42 ET

Early Warning Report-Aquila Resources Inc.

TORONTO, ONTARIO--(CCNMatthews - June 1, 2006) - In accordance with regulatory requirements, William West announces the following:

(i) on May 1, 2006, Mr. West acquired an aggregate of 4,386,537 common shares of Aquila Resources Inc. (formerly "JML Resources Ltd.") ("Aquila"), of which 3,360,789 common shares are held directly and 1,025,748 common shares are indirectly beneficially owned through Minerals Processing Corporation, a private company; and

(ii) on May 11, 2006, Mr. West acquired 250,000 stock options to acquire 250,000 common shares of Aquila.

Mr. West currently holds and/or controls an aggregate of 4,386,537 common shares of Aquila which represents an approximately 11.2% interest in Aquila on a non-diluted basis. Assuming exercise of all of the stock options Mr. West will hold 4,636,537 common shares of Aquila which represents an approximately 11.8% interest in Aquila on a non-diluted basis.

The above noted securities held by Mr. West are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.

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

  • West Materials
    William West
    President
    (330) 399-1122
    380 Fairway Drive NE
    Warren, OH 44483