TSX Venture Exchange: FRI
Shares Issued: 11,885,232
Fully Diluted: 14,947,732
VANCOUVER, Dec. 30 /CNW/ - FREEPORT RESOURCES INC. proposes to grant a
total of 650,000 stock options to directors, officers, and consultants of the
company at an exercise price of 20 cents, under the terms of the Stock Option
Plan approved by disinterested shareholders on August 9, 2004. The company has
granted a total of 2,141,500 options, or 18% of the issued and outstanding
shares. Grant of options is subject to approval by the TSX Venture Exchange.
Freeport Resources, founded in 1981, is a junior mineral exploration
company listed on the TSX Venture Exchange. Freeport has landholdings in
Labrador and B.C., with a special focus on industrial minerals, precious
metals, and gemstones.
Respectfully submitted
on behalf of the Board of Directors,
"Brenda Clark"
Brenda Clark, MAIBC
President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
%SEDAR: 00006031E
