Global Link Data Solutions Ltd.

Global Link Data Solutions Ltd.

July 26, 2005 15:57 ET

Global Link Data Solutions Ltd. Announces Grant of Options and Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - July 26, 2005) - Global Link Data Solutions Ltd. ("Global Link") - (TSX VENTURE:GLK) is pleased to announce that the Board of Directors has approved a stock option grant to purchase up to an aggregate total of 90,000 common shares of the Corporation to two employees of the Corporation at an issue price of $1.00 per share. The grant is to provide a compensatory incentive for the services provided to the Corporation.

The Corporation is further pleased to announce that it received regulatory approval July 26, 2005 for the non-brokered private placement previously announced June 23, 2005. The Corporation raised $640,000 through the issuance of 1,000,000 units to an arm's length party at a price of $0.64 per unit. Each unit consists of one common share and half a warrant to purchase a common share for an exercise price of $0.90 on or before December 31, 2006. The shares issued, and the shares that may be issued pursuant to the warrants, if exercised, will be subject to 4 month hold periods, expiring October 31, 2005.

TSX-Ven: GLK - Close: $1.00 Shares outstanding: 18,550,959

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

Contact Information

  • Global Link Data Solutions Ltd.
    Derek M. Begin
    President and Chief Executive Officer
    (403) 243-0820
    (403) 243-3425 (FAX)
    Global Link Data Solutions Ltd.
    #10, 5920 - 11th Street S.E.
    Calgary, Alberta
    T2H 2M4