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June 19, 2008, Vancouver, B.C.: Lateegra Gold Corp. (the "Company") (LRG-TSX.V LTG-Frankfurt) wishes to announce the following correction and omission to the June 10, 2008 news release.
In the June 10, 2008 news release, the Company announced that it has called an extraordinary general meeting ("EGM") of shareholders to be held on July 16, 2008, at which management will seek approval for several resolutions. Included in those resolutions is the repricing downward of certain stock options held by insiders of the Company. Inadvertently omitted from the news release was the price at which the stock options would become exerciseable, if approved at the EGM. The effect of the repricing, if approved, would establish an exercise price of $0.25 per share, representing $0.015 above the previous days' closing price of the Company's shares.
ON BEHALF OF THE BOARD OF DIRECTORS
"Chris Verrico", CEO and Director
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has not filed a National Instrument 43-101 report on any property, but will do so as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
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