Business
DAJIN RESOURCES CORP. ANNOUNCES OPTION AGREEMENT TERMINATED
DAJIN RESOURCES CORP. ANNOUNCES OPTION AGREEMENT TERMINATED
About this update from Spanish Mountain Gold Ltd.
[{"type":"text","content":"\nDAJIN RESOURCES CORP. ANNOUNCES OPTION AGREEMENT TERMINATED\n\n\n Sep. 25, 2009 (TheNewswire.ca) -- Vancouver, British Columbia - Dajin Resources Corp. (TSXV:DJI) (\"Dajin\") reports that it's Board of Directors have decided, due to marginal results from our drill programs, to terminate the Option Agreement with the vendors of the claims which comprise the Oscar Project and return to them a 100% interest in the related claims. The Oscar Project is located in the Ymir region in the Nelson Mining District of south eastern British Columbia. Upon transfer of ownership of the claims to the vendors Dajin will have no further interest or liability in the Oscar Project.The Board of Directors has granted 1,060,000 incentive stock options to certain directors of the Company at an exercise price of $0.11 per share expiring September 25, 2014. Pursuant to the approval received from the disinterested shareholders at its May 29, 2009 Annual General Meeting, the Company has repriced 1,940,000 incentive stock options presently granted to directors and employees of the Company to $0.11 per share.About Dajin: (www.dajin.ca)In the Cariboo Mining District Dajin owns a 100% interest in 20 mineral claims adjacent to Hawthorne Gold Corp's (OOTC:HWTHF) (TSXV:HGC) (HGC -V) Frasergold deposit and holds a 70/30 Joint Venture agreement with Hawthorne Gold Corp. in 18 adjacent claims, owns a 100% interest in 29 mineral claims in the Spanish Mountain region adjacent to Skygold Ventures Ltd's (TSXV:SKV) (SKV-V) Spanish Mountain gold discovery and holds a Joint Venture agreement with Cariboo Rose Resources Ltd. (TSXV:CRB) whereby Dajin can earn a 65% interest in the Cowtrail Property adjacent to the Fjordland/Cariboo Rose copper gold joint venture which was recently optioned by Gold Fields Limited (NYSE:GFI) with a $19 million work commitment over the next 7 years.For further information please contact:DAJIN RESOURCES CORP.Brian Findlay, PresidentPhone: (604) 681-6151; Fax: (604) 689-7654E-mail: [email protected] TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.Copyright (c) 2009 Thenewswire.ca - All rights reserved.\n\n\n\n","length":2454,"tagName":"div"}]