Galore Proposes to Extend Warrants
September 05 2012 - 8:24PM
Marketwired Canada
Galore Resources Inc. (TSX VENTURE:GRI) (the "Company") proposes to extend by a
further six (6) months, 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, 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
further extend the expiry date of the 10,250,000 share purchase warrants from
September 20, 2012 to March 20, 2013 (the "Extended Expiry Date"). The exercise
price of these warrants will remain at $0.30 per share.
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 Canada.
Michael McMillan, Chief Executive Officer
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.
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