Levon Accelerates the Expiry of Former Valley High Warrants
April 29 2011 - 6:54PM
Marketwired
Levon Resources Ltd. (TSX VENTURE: LVN)(BERLIN: LO9)(FRANKFURT:
LO9) ("Levon" or the "Company") announces that it is accelerating
the expiry date of the warrants (the "Warrants") issued on October
8, 2010 pursuant to the terms of the share purchase warrant
certificate (the "Warrant Certificate").
Pursuant to the terms of the Warrant Certificate, in the event
that, at any time after February 9, 2011, the Company's common
shares trade on the TSX Venture Exchange at a volume weighted
average price of $2.00 or more for a period of twenty (20)
consecutive trading days, the Company may accelerate the expiry
date of the Warrants to a date that is thirty calendar days from
the date of notice of such acceleration.
The Company has elected to provide notice of the acceleration of
the expiry date of the Warrants to the holders of the Warrants.
Each Warrant entitles the holder to acquire one common share of the
Company at a price of $0.92 on or before 5:00 p.m. (Vancouver time)
on June 2, 2011. Warrants that are not exercised by June 2, 2011
will expire and will thereafter be void and of no value or
effect.
If all of the Warrants are exercised, the Company will receive
proceeds of approximately $2,833,600 and will issue a total of
3,080,000 common shares.
About Levon Resources Ltd.:
Levon is a junior gold and precious metals exploration company
exploring the Cordero silver, gold, zinc and lead project near
Hidalgo Del Parral, Chihuahua, Mexico. The Company also holds
interests in three mineral properties located in Nevada, U.S.A. -
Eagle Claims, Norma Sass and Ruf claims. The Company also holds key
land positions at Congress, BRX, and Wayside in the productive
Bralorne Gold camp of British Columbia, Canada.
LEVON RESOURCES LTD.
Ron Tremblay, President and CEO
This release contains statements that are forward-looking
statements and are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein
represents management's best judgment as of the date hereof based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Levon Resources Ltd. Ron Tremblay President and CEO
(604) 682-3701 (604) 682-3600 (FAX) www.levon.com
Levon Resources Ltd. (TSXV:LVN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Levon Resources Ltd. (TSXV:LVN)
Historical Stock Chart
From Sep 2023 to Sep 2024