TORONTO, June 16, 2004 (PRIMEZONE) -- Bontan Corporation Inc. (OTCBB:BNTNF) is pleased to announce that the Company currently has 11,241,482 common shares issued and outstanding after completing a successful private placement on May 26, 2004. Approximately 8.9 million of the issued and outstanding common shares is currently restricted stock.
About Bontan Corporation Inc.:
Bontan Corporation Inc. is a diversified natural resource company seeking high returns with minimal risks. Bontan operates, backs and invests in major exploration and exploitation plays run and organized by highly regarded geologists, geophysicists and executives.
Through its wholly owned subsidiaries, Bontan seeks highly visible opportunities in countries around the globe with a history of natural resource production that offers exciting and attractive propositions. The company will seek to minimize risk by bringing in either joint venture, carried or working interest partners, depending on the size and scale of the project.
For further information, please contact Kam Shah, CFO at 416-860-0175. Visit www.bontancorporation.com.
For Media Relations, contact Rob Kennedy at Current Capital Corp. at 416-860-0211 or visit their web site at www.currentcapital.com
No regulatory authority has approved nor disapproved the content of this release.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.
No regulatory authority has approved nor disapproved the content of this release.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plans", "confident that", "believe", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.