It seems SAMEX Management sent a request to extend the term of warrants to the TSX without further shareholder approval. But I don't know the details as to how such a decision took place, so I may be wrong there. Maybe they were not publicly traded. DCFM.
NEWS RELEASE
– No. _6-12 September 18, 2012
EXTENSION OF WARRANT TERM
SAMEX is applying to the TSX Venture Exchange to extend the term of warrants for the purchase of 17,583,720 shares at $0.70 per share. These warrants were originally issued for a two-year term expiring on November 1, 2012. SAMEX is making application to extend the term of these warrants for two additional years until November 2, 2014. The exercise price of the warrants will remain at $0.70 per share. A Director/Control Person of SAMEX, Sasan Sadeghpour holds 10,164,000 of these warrants.
