Extends Exercise Terms of Those lucky enough to have Warrants:)
in response to
by
posted on
Aug 12, 2008 09:50AM
Focused on exploration for gold and copper in British Columbia and Mexico.
http://biz.yahoo.com/ccn/080812/2008...
Galore Amends Price and Extends Exercise Term of IPO Warrants
Tuesday August 12, 1:09 pm ET
The expiry date of these warrants will be extended for an additional six months, from September 14th, 2008 to an expiry date of 4:30pm Vancouver time on March 14th, 2009.
The exercise price of both the 4,368,500 and 1,194,250 warrants will be reduced to a price of $0.35 per share, with a provision that if the closing price for the Company's shares is $0.44, or greater for a period of 10 consecutive trading days, then the warrant holders will be given 30 days to exercise their warrants, otherwise the warrants will expire on the 31st day.
GALORE RESOURCES INC.
Ray D. Torresan, 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Contact:
Erica C. Bearss Galore Resources Inc. Vice-President, Corporate Communications (604) 647-2298 (604) 647-0086 (FAX) Email: ebearss@galoreresources.com Website: www.galoreresources.com
Source: Galore Resources Inc.