/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
VANCOUVER, Aug. 10 /CNW/ - Pebble Creek Mining Ltd. (the "Company")
announces that it has granted stock options to its directors, officers,
employees and consultants, including directors, employees and consultants of
the Company's wholly-owned subsidiaries, for the purchase of up to a total of
960,000 common shares of the Company (the "Options") at an exercise price of
$0.60 per share. The Options have a term of 5 years and are governed by the
Company's Stock Option Plan, which is a 'rolling' plan whereby options to
purchase common shares may be granted up to a maximum 10% of the issued and
outstanding common shares of the Company from time to time.
All shares issuable pursuant to the exercise of the Options are subject
to a four-month hold period commencing from the date the Options were granted.
Pebble Creek Mining Ltd. is the leading Canadian company in India's
metals exploration sector. Its Askot property located in Uttarakhand State is
a massive sulphide copper and zinc deposit that was previously drilled and
tunnelled by government agencies. Current drilling is aimed at establishing a
NI 43-101 compliant mineral resource. The Company also holds interests in two
other mineral properties and has sixteen applications for mineral properties
Not for dissemination or distribution in the United States.
The securities issued by the Company have not and will not be registered
under the United States Securities Act of 1933, as amended (the "1933 Act"),
or the securities laws of any state of the United States, and may not be
offered or sold in the United States absent registration or an applicable
exemption therefrom under the 1933 Act and the securities laws of all
Andrew E. Nevin, President and Chief Executive Officer
On Behalf of the Board of Directors of Pebble Creek Mining Ltd.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release.
For further information:
For further information: Gyan Singhai, Executive Chairman, Telephone:
(604) 696-6101, Fax: (604) 696-6196