Nevada Exploration Inc. to Extend Warrants
December 10 2013 - 6:06PM
Marketwired Canada
Nevada Exploration Inc. (TSX VENTURE:NGE) ("NGE") is pleased to announce that it
is seeking approval from the TSX Venture Exchange (the "Exchange") to amend the
terms of certain warrants which would otherwise expire on December 24, 2013.
Specifically, subject to Exchange approval, NGE plans to extend the exercise
date of the 5,000,000 warrants issued as part of NGE's December 2012, 10,000,000
Unit financing (the "Warrants"), from December 24, 2013 (12 months), to December
24, 2014 (24 months). All other provisions of the Warrants remain unchanged,
including the exercise price of $0.15, and the accelerated expiry provision
whereby if on any 20 consecutive trading days the closing sales price (or
closing bid price on days when there are no trades) of the common shares of NGE
quoted on the Exchange is greater than $0.25, NGE may accelerate the expiry date
of the Warrants to the 30th day after the date on which NGE gives notice of such
acceleration.
About Nevada Exploration Inc.
NGE is an exploration company focused on gold in Nevada. NGE is led by an
experienced management team that has been involved with the discovery of more
than 30 million ounces of gold in Nevada.
NGE is aggressively applying the latest in covered deposit exploration
technology to identify, acquire, and advance new exploration properties in
Nevada's highly prospective, yet underexplored covered basins. Specifically, NGE
has developed proprietary hydrogeochemistry (groundwater chemistry) exploration
technology to explore for gold in Nevada's covered basins where traditional
exploration techniques are challenged.
Using its industry leading exploration technology, NGE has assembled a portfolio
of new gold projects, and with interests in 135 square kilometres (52 sq mi), is
evolving as a major player in this world class jurisdiction. NGE's business
model is to leverage its properties and technology to create shareholder value
through generative exploration, joint ventures, and other exploration
partnerships.
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.
Cautionary Statement on Forward-Looking Information:
This release contains certain "forward-looking statements" including, without
limitation, expectations, beliefs, plans and objectives regarding the potential
transactions and ventures discussed in this release. Among the important factors
that could cause actual results to differ materially from those indicated by
such forward-looking statements are the risks inherent in mineral exploration,
the need to obtain additional financing, environmental permits, the availability
of needed personnel and equipment for exploration and development, fluctuations
in the price of minerals, and general economic conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nevada Exploration Inc.
James Buskard
Vice President Corporate Development
1-888-263-2110
www.nevadaexploration.com
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