|
Vancouver, B.C. – Crown Point Ventures Ltd. (TSX.V: CWV) (the “Company”) announces that it intends to make application to the TSX Venture Exchange to amend the terms of certain outstanding share purchase warrants, as disclosed in the following table:
Pursuant to the provisions of TSX Venture Exchange Policy 4.1, any finders’ warrants issued previously are not eligible for the proposed re-pricing. In addition, the warrants which are to be re-priced will have their exercise period shortened to a period of 30 days if, for ten consecutive trading days (the “Premium Trading Days”), the closing price of the Company’s shares is $0.72 or greater – this 30 day period will commence 7 calendar days after the tenth Premium Trading Day.
The amendments to each individual series of warrants disclosed herein is subject to the holders of the warrants consenting to the amendments, as well as to the Company receiving acceptance from the TSX Venture Exchange for these amendments.
|
