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Duran Ventures Inc. Proposes to Amend Warrant Expiry Dates
TORONTO, ONTARIO–(Marketwired – April 15, 2013) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Duran Ventures Inc. (TSX VENTURE:DRV)(BVL:DRV) (the “Company”) announces that it intends to apply to the TSX Venture Exchange to amend the terms of a total of 7,872,500 outstanding share purchase warrants issued pursuant to a private placement that closed in two tranches on June 4, 2012 and June 25, 2012. These warrants are currently set to expire on June 4, 2013 and June 25, 2013, respectively. The proposed amendment is limited to the extension of the expiry date of the warrants without changes to the exercise price of $0.12 per warrant share. The proposed new date for expiry of the warrants issued in both tranches is December 20, 2013.
The proposed amendment to the original expiry date of the warrants as set forth above is subject to the approval of the TSX Venture Exchange.
About Duran
Duran Ventures Inc. is a Canadian exploration company focused on the exploration and development of porphyry copper, precious metal, and polymetallic deposits in Peru. The Company’s principal project is the Aguila Copper-Molybdenum Porphyry Project with related silver-lead-zinc mineralization.
Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol “DRV”.
Disclosure Regarding Forward-Looking Statements: This press release contains certain “Forward-Looking Statements” within the meaning of applicable securities legislation. We use words such as “might”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate”, “forecast” and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.
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.
2013-04-15 13:32:53
Source: http://thestockvine.com/duran-ventures-inc-proposes-to-amend-warrant-expiry-dates/
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