VANCOUVER,
Jan. 31, 2012 /PRNewswire/
- Radius Gold Inc. (TSX-V: RDU) announces that as a result of
the completion of Radius's spin out of assets to Rackla Metals
Inc., the common share purchase warrants of Radius have been
adjusted based on the fair market value of Radius and Rackla at the
time of completion of the spin out.
Accordingly, the exercise price of all common
share purchase warrants outstanding in Radius have been reduced to
73% of the original exercise price, namely:
| Original Exercise Price Per Share |
Adjusted Exercise Price Per Share |
$0.50
$0.70
$0.75 |
$0.37
$0.51
$0.55 |
About Radius
Radius has been exploring for gold in
Latin America for nearly a
decade. It has assembled interests in a portfolio of
promising gold projects throughout the region, including carried
stakes in two small-scale gold mine development projects in
Guatemala and Nicaragua, and a number of 100% owned
exploration plays, including the HB property in Guatemala.
ON BEHALF OF THE BOARD
"Ralph Rushton"
Ralph Rushton, President
Investor relations: Jaclyn
Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of Radius Gold Inc. Actual
results may differ materially from those currently anticipated in
such statement.
SOURCE Radius Gold Inc.
