VANCOUVER, Oct. 11 /CNW/ - Logan Resources Ltd. (TSXV:LGR) (the "Company") today announced that it intends to extend for a period of six months the exercise period of 4,250,000 outstanding share purchase warrants, which are due to expire on October 25, 2007 (as to 3,750,000 warrants), and November 1, 2007 (as to 500,000 warrants). The affected warrants were issued pursuant to a private placement completed in April and May 2006. The $0.70 exercise price of the warrants will remain unchanged. The warrant extension is subject to the acceptance of the TSX Venture Exchange.
Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties prospective for precious metals, base metals and uranium. The Company is waiting for diamond drill assay results from its Shell Creek copper project as well as the Heidi gold project. Results will be released when they are received, verified and compiled. For more information on the projects and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.
ON BEHALF OF THE BOARD
"Seamus Young"
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Seamus Young
President and CEO
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.