CORRECTION FROM SOURCE: NovX21 Announces Warrants Extension by One Year and a Modified Exercise Price
13 3월 2014 - 12:02AM
Marketwired
CORRECTION FROM SOURCE: NovX21 Announces Warrants Extension by One
Year and a Modified Exercise Price
MONTREAL, QUEBEC--(Marketwired - Mar 12, 2014) -
This document corrects and replaces the press release that was
sent today at 9:32 a.m. EDT. The error occurred in the second
paragraph where the date should have read March 22nd, 2015 and not
March 22nd, 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, 2015, 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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