VANCOUVER, Jan. 31 /CNW/ - On December 15, 2010, Mr. Allan W. Williams
acquired from Calico Resources Corp. (formerly Cobre Exploration Corp.)
(the "Company") 100,000 incentive stock options (the "Stock Options").
Each Stock Option entitled Mr. Williams to purchase one common share of
the Company at a price of $0.35 per share up to December 14, 2015.
Mr. Williams now owns: (a) 1,064,000 shares of the Company; (b) share
purchase warrants entitling Mr. Williams to purchase 550,000 shares of
the Company; and (c) Stock Options entitling Mr. Williams to purchase
100,000 shares of the Company. Upon the exercise of the warrants and
Stock Options, Mr. Williams would own an aggregate of 1,714,000 shares
of the Company or 10.23% of the issued and outstanding shares
(non-diluted) of the Company.
Mr. Williams did not pay any money for the Stock Options.
Mr. Williams acquired the Options for investment purposes only. Mr.
Williams may acquire additional securities of the Company, dispose of
some or all of the securities he now owns or controls, or may continue
to hold his current position.
A copy of the report filed in accordance with applicable securities
legislation may be obtained by contacting Mr. Williams at (604)
Signed "Allan W. Williams"
Allan W. Williams
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
SOURCE CALICO RESOURCES CORPORATION
For further information:
ALLAN W. WILLIAMS
21071 - 43A Avenue
Langley, BC V3A 8K4