Guyana Frontier Amends the Terms of Share Purchase Warrants
23 7월 2012 - 12:46PM
PR Newswire (Canada)
VANCOUVER, July 25, 2012 /CNW/ - Guyana Frontier Mining Corp.
("Guyana Frontier") is pleased to announce it is amending the terms
of share purchase warrants (the "Warrants") issued by way of a
private placement closed (the "Private Placement") on August 4,
2012 (see Guyana Frontier news release dated August 5, 2011). The
Private Placement was closed in two tranches, with an aggregate of
3,611,981 of the Warrants to expire on July 29, 2012 (the "July 29
Warrants") and an aggregate of 1,798,681 of the Warrants to expire
on August 4, 2012 (the "August 4 Warrants"). Guyana Frontier is
extending the term of the July 29 Warrants for a period of one year
to July 29, 2013 and extending the term of the August 4
Warrants for a period of one year to August 4, 2013, and is
reducing the exercise price of the July 29 Warrants and the August
4 Warrants to $0.15 per common share. Pursuant to the provisions of
TSX Venture Exchange (the "Exchange") Policy 4.1, the July 29
Warrants and the August 4 Warrants will be subject to an early
expiry provision under which the remaining exercise period of the
July 29 Warrants and the August 4 Warrants will be reduced to 30
days if, for any 10 consecutive trading days, the closing price of
the Company's common shares on the Exchange exceeds $0.19. Guyana
Frontier received Exchange acceptance of the filing on July 24,
2012. 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. FORWARD LOOKING STATEMENTS This news
release contains forward-looking statements that are based on the
Guyana Frontier''s current expectations and estimates.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur, and include, without limitation, statements regarding
the Guyana Frontier''s plans with respect to the closing of further
tranches of the Private Placement and the total proceeds to be
raised in the Private Placement. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ materially from
estimated or anticipated events or results implied or expressed in
such forward-looking statements, including the future state of the
financial markets and other economic factors. Any forward-looking
statement speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the Guyana
Frontier disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements
are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent
uncertainty therein. Guyana Frontier Mining Corp. CONTACT: about
Guyana Frontier, please visit our websiteat www.guyanafrontier.com
or contact Warren Stanyer, President and CEO,at (604) 558-0077.
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