Hornby Bay Exploration Limited
TSX VENTURE : HBE

Hornby Bay Exploration Limited

July 07, 2005 16:16 ET

Hornby Bay Extends Warrants By One Year

TORONTO, ONTARIO--(CCNMatthews - July 7 , 2005) - Hornby Bay Exploration Limited (TSX VENTURE:HBE) announces that it will extend, by one year to July 13, 2006, the term of 1,750,916 outstanding warrants at $0.60 and 1,850,916 outstanding warrants at $0.70. The warrants are held by arm's length parties and were issued in connection with the company's private placement dated June 24, 2004 of 3,701,832 units at $0.45 per unit comprised of one common share and one half common share purchase warrant at $0.60 and one half share purchase warrant at $0.70 for a period of one year.

Currently, the company is conducting its $7.0 million 2005 uranium exploration program on 218 mineral claims covering 214,900 hectares (531,000 acres) in northwest Nunavut.

Shares Outstanding July 7 , 2005: 81,026,229

Close July 6, 2005: $0.58

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS RELEASE.

Contact Information

  • Hornby Bay Exploration Limited
    George Bell
    President & CEO
    (416) 368-0114