Hornby Bay extends expiry of warrants from October 2004 private placement

By Sheri Kasprzak

New York, Oct. 13 - Hornby Bay Exploration Ltd. said it has extended the expiration date of outstanding warrants issued in the company's private placement that settled on Oct. 25, 2004.

A total of 1,363,636 outstanding warrants with an exercise price of C$0.75 and 1,041,667 outstanding flow-through warrants with an exercise price of C$0.92 will now expire on Oct. 24, 2006.

The warrants had been scheduled to expire on Oct. 24, 2005.

The warrants were issued as part of Hornby Bay's private placement of 2,727,271 units at C$0.55 each and 2,083,333 flow-through units at C$0.72 each.

Based in Toronto, Hornby Bay is a mineral exploration company.

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