Canadian International Minerals Extends and Reprices Warrants
September 30 2013 - 5:35PM
Access Wire
September 30, 2013,
Vancouver, BC: Canadian International Minerals Inc. (the
"Company") (CIN - TSX Venture) announces that the Company has
arranged to amend the terms of share purchase warrants issued on
October 4, 2011, with an original expiry date of October 4, 2013.
There are currently 1,480,000 warrants outstanding, each warrant
exercisable into one common share of the Company at a price of
$0.30 per share (the "Warrants"). Subject to the acceptance of
the TSX Venture Exchange, the new expiry date of the warrants will
be October 4, 2016 and the exercise price of the warrants will be
changed to $0.05 per share. The Warrants will now include an
acceleration provision, being that if the common shares of the
Company trade on the TSX Venture Exchange at a price of $0.07 or
more for 10 consecutive trading days at any time (the "Acceleration Event"), then the Warrants
will expire, on the earlier of the expiry date and 4:30 p.m.
(Vancouver time) on the date which is 30 calendar days after the
Company provides notice to the holders of the warrants that the
Acceleration Event has occurred.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
For further information on
Canadian International Minerals Inc., please visit the Company
website at www.cdnintlminerals.com.
"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."
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