Mr. Salvatore Fuda

September 21, 2005 12:13 ET

Salvatore Fuda Acquires Options To Purchase Common Shares Of Ontex Resources Limited

TORONTO, ONTARIO--(CCNMatthews - Sept. 21, 2005) - Mr. Salvatore Fuda, Chairman of Ontex Resources Limited, (TSX:ONT) has acquired 2,400,000 options. Each option entitles the holder to purchase one common share of Ontex at an exercise price of $0.155 and expires four years from the date of the grant. The options entitle Mr. Fuda to purchase up to 2,400,000 common shares of Ontex or 4.9% of the number of issued and outstanding common shares of Ontex. Ontex has 48,900,189 common shares issued and outstanding. Prior to the grant of the options, Mr. Fuda owned and had direction and control over 4,418,204 common shares of Ontex or 9.04% of the number of issued and outstanding common shares of Ontex.

In the event that all of the options granted to Mr. Fuda are exercised, Mr. Fuda would own and have direction and control over a total of 6,818,204 common shares or 13.3% of the number of common shares of Ontex that would then be outstanding.

Contact Information

  • Ontex Resources Limited
    Mr. Salvatore Fuda
    (416) 360-4031
    777 Bay Street, Suite 1910,
    Toronto, Ontario, M5G 2E4