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Message: Terraco Receives Approval for Warrant Amendments
| May 19, 2009 |
| Terraco Receives Approval for Warrant Amendments |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Terraco Gold Corp. ("Terraco") (TSX VENTURE:TEN) received from the TSX Venture Exchange (the "Exchange") on May 13, 2009, approval to amend the exercise price and expiry date of the four million warrants issued on May 9, 2007 (please see News Release dated April 22, 2009). The warrants will now expire May 9, 2012. The exercise price per warrant from May 10, 2009 to May 9, 2010 will be $0.15. The exercise price from May 10, 2010 to May 9, 2012 will be $0.35. The expiry date of the warrants will be accelerated to 21 business days following the date on which Terraco gives notice to the holders of the warrants that its common shares have closed for 20 consecutive trading days at a price of $0.20 or greater from May 10, 2009 to May 9, 2010 and $0.45 or greater thereafter to May 9, 2012. In all other respects, the terms of the warrants will remain unchanged and in full force and effect. All currency herein is expressed in Canadian dollars. Terraco is a mineral exploration company, listed on the Exchange under the symbol "TEN". ON BEHALF OF THE BOARD Todd Hilditch, President |
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