Key points
- On June 12, 2008, the board resolved to extend 5,769,500 warrants originally set to expire Aug. 1, 2008, to Feb. 1, 2009.
- The board also extended 1,923,077 warrants originally set to expire Dec. 12, 2008, to June 12, 2009.
- Both warrant tranches carry an exercise price of 18 cents.
- As of the release date, 1,259,577 of the Aug. 1, 2008 warrants and 543,558 of the Dec. 12, 2008 warrants had been exercised, and the extensions remain subject to regulatory approval.
Afri-Can Marine Minerals Corp.’s board of directors, by a resolution adopted on June 12, 2008, has authorized the extension until Feb. 1, 2009, of the 5,769,500 share purchase warrants set to expire on Aug. 1, 2008, and until June 12, 2009, of the 1,923,077 share purchase warrants set to expire on Dec. 12, 2008. These warrants have an exercise price of 18 cents.
As of today, 1,259,577 purchase warrants expiring on Aug. 1, 2008, have been exercised and 543,558 purchase warrants expiring on Dec. 12, 2008, have been exercised.
The extensions are subject to the approval of regulatory authorities.
