Grizzly Applies to Extend Warrant Term
June 20 2011 - 1:22PM
Marketwired
Grizzly Discoveries Inc. (TSX VENTURE: GZD) (OTCQX: GZDIF)
(FRANKFURT: G6H) ("Grizzly" or the "Company") is pleased to
announce that it has applied to the TSX Venture Exchange for
approval of an extension to the expiry date of outstanding common
share purchase warrants of the Corporation. On approval holders of
an aggregate of 5,363,333 warrants to purchase common shares of
Grizzly issued on July 5, 2010 and July 14, 2010 will have the
right to exercise their warrants for one additional year to July 5,
2012. The exercise prices of the amended warrants remain unchanged
at $0.50 for 3,963,333 of the amended warrants and $ 0.60 for
1,400,000 of the amended warrants. The original terms of the
amended warrants are described in Grizzly's news releases dated
July 5, 2010 and July 14, 2010.
The warrant term amendment is subject to TSX Venture Exchange
approval.
The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
About Grizzly Discoveries Inc.
Grizzly trades on the TSX Venture Exchange under the symbol GZD,
on the OTCQX exchange under the symbol GZDIF, and the Frankfurt
Exchange under the symbol G6H, with 48,315,268 common shares issued
and outstanding.
Grizzly is an aggressive Canadian exploration company focused
on: exploring for potash in Alberta; world class gold and base
metal deposits in British Columbia; and diamonds in Alberta.
Grizzly holds, or has an interest in, metallic and industrial
mineral permits for potash totaling more than 2.34 million acres
along the Alberta-Saskatchewan border. Grizzly currently has four
precious-base metal properties in British Columbia totaling over
235,000 acres. Grizzly also currently holds more than 600,000 acres
in diamond properties which host diamondiferous kimberlites in the
Buffalo Head Hills and Birch Mountains of Alberta.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
For further information, please visit our website at
www.grizzlydiscoveries.com.
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.
Contacts: IR PRO COMMUNICATIONS Nancy Massicotte 604-507-3377 OR
1-866-503-3377 ir@grizzlydiscoveries.com
www.irprocommunications.com or www.grizzlydiscoveries.com Grizzly
Discoveries Ltd. Brian Testo President (780) 693-2242
www.grizzlydiscoveries.com
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