Galore Proposes to Extend Warrants
August 30 2011 - 3:50PM
Marketwired Canada
Galore Resources Inc. (TSX VENTURE:GRI) (the "Company") proposes to extend by
one (1) year the expiry date of the following share purchase warrants:
-- Warrants to purchase up to 10,250,000 common shares at an exercise price
of $0.30 per share until September 20, 2011, issued in connection with a
non-brokered private placement completed in September 2010.
If accepted by the TSX Venture Exchange (the "Exchange"), the Company will
extend the expiry date of the 10,250,000 share purchase warrants to September
20, 2012.
The application to amend the warrants is subject to the Exchange's acceptance,
and the Company makes no assurances that the required acceptance for the
extension of the term of the warrants will be granted.
Galore Resources is a British Columbia-based exploration company that has
assembled a leading group of industry professionals to acquire and explore for
promising deposits in Mexico and British Columbia.
Michael W. Byrne, President
Cautionary Note Regarding Forward-Looking Information: The Company expressly
warns readers not to rely on the information herein for investment or other
related purposes. Accordingly, any use of this information is at your own risk
and without liability to the Company. The information contained herein is not,
and under no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock of Galore
Resources Inc. The reader is referred to his/her professional investment advisor
regarding investment or related decisions respecting the securities of the
Company. No securities commission or similar regulatory authority has passed on
the merits of or reviewed the information contained herein.
For progress updates and queries on Galore Resources Inc. (TSX VENTURE:GRI)
please contact Erica C. Bearss, MBA via the contact information listed below.
Galore Resources (TSXV:GRI)
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