Vancouver, BC - CONSOLIDATED ABADDON RESOURCES INC. (TSX.V: ABN) (the "Company") announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers and consultants to purchase up to an aggregate of 856,300 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.49 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual and Special General Meeting of the Company held on January 11, 2006. These options are subject to a four-month hold period.
Consolidated Abaddon Resources Inc. is a Canadian uranium and gold exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of northwestern Labrador. The Company is also developing a gold property in the RED LAKE MINING DISTRICT of northwestern Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
You can view the Next News Releases item: Thu Aug 3, 2006, Company's Shares Accepted for Trading on the Frankfurt Stock Exchange
You can view the Previous News Releases item: Tue Jun 6, 2006, Formal Option Agreement Signed with IUC on Labrador Uranium Property, Exploration Update
You can return to the main News Releases page, or press the Back button on your browser.
