TSX.V: AMO
VANCOUVER,
Jan. 8, 2013 /CNW/ - Altan Rio
Minerals Limited, TSX.V: AMO
("Altan Rio" or the
"Company") announces it has applied to the TSX Venture
Exchange for approval to extend and re-price a total of 13,793,521
outstanding common share purchase warrants ("Warrants")
issued as part of private placements between 2009 to 2011 and
concurrently with the Company's Qualifying Transaction in
December 2011. Subject to Exchange
approval, all Warrants will be extended to February 10, 2014 with a new exercise price of
CA$0.55 per share. All other terms and conditions of the Warrants
remain unchanged.
A total of 12,793,521 Warrants were originally
issued between 2009 to 2011 when Altan
Rio was a private company at an exercise price of CA$0.69
per share with an expiry date of January
6th, 2013. The remaining 1,000,000 Warrants were
issued concurrently with the Company's Qualifying Transaction at an
exercise price of CA$0.65 per share with an expiry date of
December 23rd, 2013. It is
noted that 94.5% of the warrants are held by arm's length
parties.
About Altan
Rio
Altan Rio, founded in 2007, is based
in Vancouver BC, Canada. Using innovative exploration targeting
techniques and leveraging long-term in-country experience, the
company explores large-scale gold and copper projects in
Mongolia, one of the world's most
prospective mineral regions. The Company's license holdings in
Mongolia, which total more than
153,310 hectares (378,873 acres), contain significant zones of
newly identified primary gold and copper mineralization across a
very large area of unexplored ground.
On behalf of Altan Rio Minerals Limited,
"Evan Jones"
Evan Jones,
President & CEO
This press release may contain forward
looking statements including those describing Altan Rio's future plans and the expectations of
management that a stated result or condition will occur. Any
statement addressing future events or conditions necessarily
involves inherent risk and uncertainty. Actual results can differ
materially from those anticipated by management at the time of
writing due to many factors, the majority of which are beyond the
control of Altan Rio and its
management.
Neither the 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.
SOURCE Altan Rio Minerals Limited