Cresval Announces Approval of Warrant Re-pricing and Completion of Shares for Debt
14 April 2012 - 2:00AM
Marketwired Canada
Cresval Capital Corp. (the "Company") (TSX VENTURE:CRV) announces that, pursuant
to a news release dated February 29, 2012, it has received acceptance for filing
by the TSX Venture Exchange (the "Exchange") to amend the exercise price of
3,530,000 common share purchase warrants issued by way of private placement and
approved by the Exchange on October 15, 2010, and 3,375,000 common share
purchase warrants issued by way of private placement and approved by the
Exchange on May 18, 2011 and May 24, 2011.
The exercise price of the 3,375,000 common share purchase warrants will be
reduced to $0.22 per warrant share and will apply to all warrants. The exercise
price of the 3,530,000 common share purchase warrants will be reduced to $0.10
per warrant share and will apply to all warrants, with the exception of an
aggregate total of 1,055,000 warrants issued to insiders. The remaining terms,
including expiration dates, of all warrants remain unchanged.
The Company also announces that it has issued an aggregate 375,901 common shares
as settlement of outstanding debt. The transaction was approved by the TSX
Venture Exchange on March 27, 2012.
About Cresval Capital
Cresval Capital is a junior copper and precious metals exploration company
actively involved in two 100% owned projects situated near the productive
Bralorne Gold camp in the Lillooet mining district in southwestern British
Columbia. Information on the Company's projects is available on the Company's
website at www.cresval.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Lee Ann Wolfin, President
Cresval Capital (TSXV:CRV)
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