FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Knight Resources Ltd.
(Translation of registrant’s name into English)
3rd Floor, 157 Alexander Street, Vancouver, BC V6A 1B8
(Address of principal executive officer)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ü Form 40-F ________
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ________ No: : ü
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_________.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Knight Resources Ltd.
Registrant
Dated: May 27, 2005 By: /s/David Patterson/s/, CEO
KNIGHT RESOURCES LTD.
May 20, 2005
Number: 007-05
VANCOUVER (May 20, 2005) - Mr. David Patterson, Chief Executive Officer of Knight Resources Ltd., announces that, subject to formal ratification by warrant holders, the Company has negotiated the re-pricing and extension of 6,586,769 warrants currently exercisable at $0.65 per share until June 10, 2005 to $0.35 per share until December 10, 2005. The terms of the warrants will also be amended, as required under TSX Venture Exchange policy, such that if the trading price of the Company’s shares exceeds $0.44 for ten consecutive trading days, the exercise period will be shortened to a period of 30 days.
Also, the Company has extended the exercise period of the following outstanding stock options:
1,077,500 stock options, which are currently exercisable at $0.30 per share until June 18, 2005 to be extended to June 18, 2007;
340,000 stock options, which are currently exercisable at $0.25 per share until July 28, 2005 to be extended to July 28, 2007;
The Company has also re-priced 60,000 stock options, currently exercisable at a price of $0.83 per share until July 1, 2006, to $0.35 per share and 2,120,000 stock options, currently exercisable at a price of $0.93 per share until December 22, 2005, to $0.35 per share.
Additionally, the Company has granted 500,000 incentive stock options to certain of its directors, officers and employees exercisable at a price of $0.35 per share for a period of two years.
All of the above is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF
KNIGHT RESOURCES LTD.
“David Patterson”
Chief Executive Officer
3rd floor, 157 Alexander Street
Vancouver • BC • Canada • V6A 1B8
Tel: (604) 684-6535 • Fax: (604) 602-9311
Toll Free: 1-877-KNIGHT5
Web Site:http://www.knightresources.ca
E-mail:knight@bed-rock.com
TSX Venture Exchange Trading Symbol: KNP
Frankfurt Stock Exchange Trading Symbol: KRL
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
