All claims against Habsburg Resources (VSE) made by Resell Mining (VSE) and Panther Mines (VSE) have been settled.
The claims stem from outstanding advance royalty payments left in arrears by the previous operator of the Dome Mountain gold project, southeast of Smithers, B.C. The claims were settled by Habsburg issuing 208,344 shares at 30 cents to the two companies.
In other news, Habsburg has completed a private placement of 1 million units at 30 cents per unit. Each unit consists of one share and a purchase warrant with an exercise period of one year. A purchase warrant and 35 cents entitles the holder to receive one common share.
Also, Habsburg has granted 435,000 stock options to some of its employees; these are exercisable for two years at 27-37 cents.
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