PINNACLE INCREASES PRIVATE PLACEMENT
Vancouver, BC - Further to the Company's news release of December 2, 2003, the Company announces that it has increased the size of the private placement by an additional 300,000 units or $120,000. The private placement will now consist of a total of 1,550,000 units at a price of $0.40 per unit for gross proceeds of $620,000. Each unit will consist of one common share and one nontransferable share purchase warrant, with the warrants exercisable for a period of one year on the basis of two warrants and $0.50 to purchase an additional share. The additional funds will be used for general working capital purposes.
On behalf of the Board
"Andrew Bowering"
President
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