Key points
- The board resolution, adopted Jan. 5, 2009, extends 4,509,923 warrants previously expiring Feb. 1, 2009, 1,379,519 warrants previously expiring June 12, 2009, and 8,818,333 warrants previously expiring Aug. 24, 2009, all to Feb. 25, 2010.
- Warrants with exercise prices of 18 cents and 20 cents were repriced to 15 cents per share.
- As of the release date, none of the warrants had been exercised.
- The extensions and repricing remain subject to approval by regulatory authorities.
Afri-Can Marine Minerals Corp.’s board of directors, by a resolution adopted on Jan. 5, 2009, has authorized the extension, until Feb. 25, 2010, of the 4,509,923 share purchase warrants expiring on Feb. 1, 2009, and of the 1,379,519 share purchase warrants expiring on June 12, 2009, as well as of the 8,818,333 share purchase warrants set to expire on Aug. 24, 2009.
The board of directors also authorized that actual exercise prices of 18 cents and 20 cents thereof be repriced at 15 cents per share.
As of today, none of these purchase warrants has been exercised.
The extensions and repricing are subject to the approval of regulatory authorities.
