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Navasota Proposes Warrant Extension
Navasota Resources Ltd. (NAV:TSX-V) announces that it proposes to extend the expiry date of share purchase warrants to purchase up to 565,000 common shares at an exercise price of $0.15 per share issued in connection with a non-brokered private placement completed December 2, 2005. Currently, each share purchase warrant entitles the holder thereof to purchase one common share of the Company until December 2, 2006. The Company proposes to extend such expiry date by one year to December 2, 2007. In all other respects, the terms of the share purchase warrants remain unchanged.
The application to amend the warrants is subject to its acceptance by the TSX Venture Exchange and the Company makes no assurances that the required acceptance for the extension of the term of the warrants will be granted.
On behalf of the Board of Directors
Navasota Resources Ltd.
Signed
Christopher J. Wild, P.Eng.
President & CEO
Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.
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