NovX21 Announces Warrants Extension by One Year and a Modified Exercise Price
12 3월 2014 - 10:32PM
Marketwired
NovX21 Announces Warrants Extension by One Year and a Modified
Exercise Price
MONTREAL, QUEBEC--(Marketwired - Mar 12, 2014) - NovX21
(TSX-VENTURE:NOV) announces that, subject to required approvals
from regulatory authorities, the Corporation will extend the
expiration date of warrants issued in a private placement which
closed on March 22nd, 2013, by one year and increase the exercise
price from $0.15 to $0.20.
Each Warrant shall entitle the holder thereof to acquire one
common share of the Corporation at a price of $0.20 until March
22nd 2014, an extension of 12 months.
The warrants will be subject to an accelerator clause by which
the warrant expiry date can be shortened at the choice of the
Corporation if the share price closes on the Exchange at $0.25 or
more for a period of more than twenty (20) consecutive trading
days. In such a case, the new expiry date will be presumed to be
the thirtieth day following the formal written notification by the
Corporation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
About NovX21
NovX21operates an industrial prototype plant for the recovery of
Platinum Group Elements (Platinum, Palladium and Rhodium or PGMs).
The plant is located near Quebec City in St-Augustin-de-Desmaures.
Its patented process yields more than 97% recoveries of PGMs, and
is not only much less capital extensive but also operates much more
rapidly than conventional plants thus dramatically lowering the
amount of time that its customers capital is tied up as
work-in-process inventory. NovX21's mission is to sustainably
recover precious metals by the recycling of end-of-life PGM
containing components while meeting global "green" standards for
the automobile industry.
NovX21also holds the mineral rights to six mining properties and
has focused its exploration activities on the Menarik property in
the James Bay area, in the Province of Quebec, the site of a major
chromite deposit with occurrences of gold, nickel, copper and
platinum group metals (PGMs). The operation of NovX21's patented
and proprietary processes to such deposits may lead to a
breakthrough in low cost primary mining metallurgy in the near
future.
Sylvain Boulanger, P.Eng.President & CEOinfo@novx21.com(514)
282-2110Nicole Blanchard, Managing PartnerSun International
Communicationsnicole.blanchard@isuncomm.com(450) 973-6600
NOVX21 Inc. (TSXV:NOV)
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NOVX21 Inc. (TSXV:NOV)
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