Canadian Arrow proposes to extend term of warrants
19 October 2012 - 1:06AM
PR Newswire (Canada)
Canadian Arrow proposes to extend term of warrants
SUDBURY, ON,
Oct. 18, 2012 /CNW/ - Canadian
Arrow Mines, Ltd. (TSXV: CRO) (the "Company") announced today
that it proposes to extend by six (6) months the expiry date of the
following share purchase warrants:
- Warrants to purchase up to 9,496,430 common shares at an
exercise price of $0.10 per share
until March 18, 2013, in respect of
8,473,430 warrants and March 25, 2013
in respect of 1,023,000 warrants, issued in connection with a
non-brokered private placement completed in October 2010.
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.
This press release may contain "forward-looking
statements" within the meaning of the Canadian securities
legislation and the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date of this press
release and the Company does not intend, and does not assume, any
obligation to update these forward-looking statements.
Neither 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.
SOURCE Canadian Arrow Mines Limited
Copyright 2012 Canada NewsWire
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