Key points
- The board approved the extension by resolution dated Feb. 22, 2002.
- The warrants carry an exercise price of 36 cents.
- 833,334 share purchase warrants remain unexercised.
- The extension is subject to approval by the appropriate regulatory authorities.
Afri-Can Marine Minerals’ board of directors has by resolution dated Feb. 22, 2002, authorized the extension until Sept. 24, 2002, of the expiry date of the share purchase warrants set to expire on March 24, 2002, with an exercise price of 36 cents. At the present time, 833,334 share purchase warrants have not been exercised.
This extension is subject to the approval by the appropriate regulatory authorities.
