Suparna Gold Appoints New Director
June 25 2012 - 7:00AM
Marketwired Canada
Suparna Gold Corp. ("Suparna" or the "Company") (TSX VENTURE:SUG) is pleased to
announce that, subject to the approval of the TSX Venture Exchange (the
"Exchange"), Wayne Tisdale has been appointed to the board of directors of the
Company. Mr. Tisdale has 35 years of experience in resource financing,
exploration and development. He runs his own merchant banking company and sits
on the board of directors of a number of private and public companies including
Declan Resources Inc., a mining issuer listed on the Exchange. The board of
directors of Suparna is now comprised of Michelle Gahagan, Craig Dalziel, James
Newall, Garry Clark and Wayne Tisdale.
The Company also announces that the Exchange has consented to the re-pricing and
to an extension on the term of 16,666,667 common share purchase warrants (the
"Warrants") that were issued under the Company's private placement of units
completed on June 30, 2011. The Warrants had an exercise price of $0.50 per
common share and were set to expire on June 30, 2012. The Company has received
consent from the Exchange to reduce the exercise price from $0.50 to $0.40 per
common share and to extend the expiry date of the Warrants to June 30, 2013 in
accordance with Exchange policies.
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