Lakota Grants Options and Settles Debt for Shares



    Outstanding Shares: 50,696,023

    TORONTO, June 16 /CNW/ - Lakota Resources Inc. (TSXV-LAK) (the 'Company')
announces that the Board of Directors of the Company has approved a grant of
options under the Company's Incentive Stock Option Plan subject to a four
month (4) month Exchange hold period and Toronto Venture Exchange approval as
follows: (1) on June 13, 2008 an aggregate of 900,000 options to a consultant
and an officer and director of the Company for a term of 5 years with
immediate vesting at an exercise price of $0.195 per share, and, (2) on
June 16, 2008 an aggregate of 637,500 options to officers, directors,
consultants and employees of the wholly owned subsidiary of the Company for a
term of 5 years with immediate vesting at an exercise price of $0.21 per
share.
    The Company also announces that the Board of Directors has approved,
subject to approval of the Toronto Venture Exchange, a 450,000 share for debt
settlement of $96,750 for services rendered to the Company by George Breuler,
a former President and Director of the Company at a deemed share value of
$0.215 per share.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00008258E




For further information:

For further information: Ian Kennedy, President and CEO, Tel: (416)
598-7700

Organization Profile

LAKOTA RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890