Compass Gold Announces Proposed Warrant Extension
17 November 2020 - 11:40PM
Compass Gold Corp. (TSX-V: CVB) (Compass or
the Company) announces that has filed with the TSX
Venture Exchange (the
"Exchange") to extend
the term of certain issued and outstanding warrants that are
otherwise scheduled to expire on November 29, 2020. Subject to
final approval of the Exchange, the Company plans to extend the
term of issued and outstanding warrants
(the
"Warrants") that were issued as part of
a private placement that closed on November 29, 2017 and
exercisable at a price of $0.75 per share for a total of 12,200,000
common shares. None of the warrants issued in that private
placement have been exercised. The proposed new expiry date for the
Warrants would be November 29, 2021.
About Compass Gold
Corp.Compass, a public company having been incorporated
into Ontario, is a Tier 2 issuer on the TSX- V. Through the
2017 acquisition of MGE and Malian subsidiaries, Compass holds gold
exploration permits located in Mali that comprise the Sikasso
Property. The exploration permits are located in three sites in
southern Mali with a combined land holding of 867 km2. The Sikasso
Property is located in the same region as several
multi-million-ounce gold projects, including Morila, Syama, Kalana
and Komana. Mineralization hosted on adjacent and or nearby
properties is not necessarily indicative of mineralization hosted
on the Company’s property. The Company’s Mali-based technical team,
led in the field by Dr. Madani Diallo and under the supervision of
Dr. Sandy M. Archibald, P.Geo, is conducting the current
exploration program on several anomalous areas of the Sikasso
Property, Southern Mali.
Qualified PersonThis news
release has been reviewed and approved by Dr. Sandy Archibald,
P.Geo, Compass’s Technical Director, who is the Qualified Person
for the technical information in this news release under National
Instrument 43-101 standards.
Forward‐Looking InformationThis
news release contains "forward‐looking information" within the
meaning of applicable securities laws, including statements
regarding the Company’s planned exploration work and management
appointments. Readers are cautioned not to place undue reliance on
forward‐looking information. Actual results and developments may
differ materially from those contemplated by such information. The
statements in this news release are made as of the date hereof. The
Company undertakes no obligation to update forward‐looking
information except as required by applicable law.
For further information please contact:
Compass Gold Corporation |
Compass Gold Corporation |
Larry Phillips – Pres. & CEO |
Greg Taylor – Dir. Investor Relations & Corporate
Communications |
lphillips@compassgoldcorp.com |
gtaylor@compassgoldcorp.com |
T: +1 416-596-0996 X 302 |
T: +1 416-596-0996 X 301 |
Website: www.compassgoldcorp.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.
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