Canamex Applies to Re-Price Warrants
30 Januar 2014 - 12:28AM
Marketwired
Canamex Applies to Re-Price Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 29, 2014) -
Canamex Resources Corp. (the "Company")
(TSX-VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) announces that it is
applying to the TSX Venture Exchange for approval to reduce the
exercise price of previously issued warrants to purchase common
shares of the Company, which warrants were originally issued as
follows:
- Warrants issued April 4, 2011 to purchase a total of 5,000,000
shares (989,923 of which were to Insiders), exercisable at $0.25
per share from April 4, 2011 until April 3, 2013, which were
subsequently extended to expire April 3, 2014. Of these warrants,
200,000 were exercised in 2012, leaving a balance of 4,800,000
outstanding (the "April 4 Warrants"); and
- Warrants issued April 29, 2011 to purchase 1,500,000 shares,
exercisable at $0.25 per share from April 29, 2011 until April 28,
2013, which were subsequently extended to expire April 28, 2014. Of
these warrants, 400,000 were exercised in 2012, leaving a balance
of 1,100,000 outstanding (the "April 29 Warrants").
(see CSQ News Release January 11, 2012 regarding the prior
extension to term of above April 4 and April 29 Warrants).
Subject to receipt of acceptance from the TSX Venture
Exchange, the above warrants (excluding 489,923 held by
Insiders) will be reduced in price as follows:
- 4,310,077 of the April 4 Warrants (500,000 of which are held by
Insiders) will be re-priced to $0.15 per share, exercisable on or
before April 3, 2014. The balance 489,923 of the April 4 Warrants
held by Insiders will remain exercisable at $0.25 on or before
April 3, 2014; and
- 1,100,000 outstanding April 29 Warrants will be re-priced to
$0.175 per share, exercisable on or before April 28, 2014.
The Company will disseminate a further News Release when TSX
Venture Exchange acceptance has been obtained.
ON BEHALF OF THE BOARD
Robert Kramer, CEO and Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Canamex Resources Corp.Robert Kramer(604)
336-8621www.canamex.us
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