The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

DAJIN RESOURCES CORP. ANNOUNCES OPTION AGREEMENT TERMINATED

(via Thenewswire.ca)

Vancouver, British Columbia - Dajin Resources Corp. ("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 (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 (SKV-V) Spanish Mountain gold discovery and holds a Joint Venture agreement with Cariboo Rose Resources Ltd. 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 with a $19 million work commitment over the next 7 years.

For further information please contact:

DAJIN RESOURCES CORP.

Brian Findlay, President

Phone: (604) 681-6151; Fax: (604) 689-7654

E-mail: brian@dajin.ca

The 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.

Copyright (C) 2009 TheNewswire.ca. All rights reserved

News Provided by COMTEX


Related terms: british columbia, copper, e-mail, exercise, gold, joint venture, mining, president, property, stock option, vancouver

Related Articles

SGL Group and BMW Group Establish Carbon Fiber-Joint Venture
Nov 5, 2009
...and BMW Group Establish Carbon Fiber-Joint Venture SpecialChem - Nov 6, 2009 ...49%) announced the foundation of a joint venture to manufacture carbon fibers and fabrics...the automotive industry. Within this joint venture, the construction of two new sites...

Australia approves Delta-Virgin trans-Pacific joint venture
Nov 2, 2009
...approves Delta-Virgin trans-Pacific joint venture By Siva Govindasamy Australia...Delta Air Lines permission to form a joint venture to operate trans-Pacific flights. "Under the joint venture, the airlines would take a coordinated...

NovaGold reports Q3 loss of $18.1M; revenues drop | Markets | Headline News | Canadian Business
Oct 13, 2009
...investment in U.S. Gold Corp (TSX:UXG). ...properties in Alaska and British Columbia. It is primarily focused...50-50 with Barrick Gold Corp. (TSX:ABX...B.C., a 50-50 joint venture with Teck Resources...

Four vie for £100m North London homes deal
Oct 28, 2009
...the banner of the housing development joint venture and will be let as a framework deal...the exercise is for BHP to bring a joint venture partner on board so that both parties...of course depend on which sites the joint venture succeeds in bidding for. "The...