| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE August 25, 2004 PRIVATE PLACEMENT WARRANTS AMENDED & STOCK OPTION PLAN FILEDFurther to the TSX Notice of acceptance for filing dated November 5, 2003. Consolidated Big Valley Resources Inc. (the “Company”) completed this transaction on December 8,2003 and has issued 1,536,400 treasury common shares. The shares were subject to a four month hold period expiring April 8, 2004. The Company is filing an amended notice with the NEX regarding the warrants attached to this private placement. Each unit was to comprise one common share and one share purchase warrant entitling the holder to acquire a further share until December 8, 2004 at a price of $0.18 per share. OTHERThe Company has also filed for acceptance a 10% rolling Stock Option Plan. Under this plan 323,136 shares were reserved for issuance, which received disinterested shareholder approval at the Company’s Annual General Meeting held on December 22, 2003. Additional options can also be granted up to ten percent (10%) of the issued and outstanding at the date of granting, less those that may have already been granted or reserved. The current issued and outstanding shares of the Company is 4,767,764 common shares. ON BEHALF OF THE BOARD Frank J. Basa, P.Eng.
President/Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
