Hornby Bay Exploration Limited
TSX VENTURE : HBE

Hornby Bay Exploration Limited

October 13, 2005 10:34 ET

Hornby Bay Extends Warrants By One Year

TORONTO, ONTARIO--(CCNMatthews - Oct. 13, 2005) - Hornby Bay Exploration Limited (TSX VENTURE:HBE) announces that it will extend, by one year to October 24, 2006, the term of 1,363,636 outstanding warrants with an exercise price of $0.75 and 1,041,667 outstanding flow-through warrants with an exercise price of $0.92. The warrants originally were to expire on October 24, 2005, and were issued to arm's length subscribers in connection with the company's private placement of 2,727,271 units at $0.55 per unit comprised of one common share and one half of a common share purchase warrant at $0.75 and 2,083,333 flow-through units at $0.72 per unit comprised of one flow-through common share and one half of a flow through common share purchase warrant at $0.92, which was completed on October 25, 2004.

Shares Outstanding October 13, 2005: 85,718,237

Close October 12, 2005: $0.51

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

Contact Information

  • Hornby Bay Exploration Limited
    Tom Devlin
    Corporate Secretary
    (416) 368-0114