Goldstrike Resources Ltd. Explains Warrant Amendments
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/03/16 -- Goldstrike Resources Ltd. (the "Company" or "Goldstrike") (TSX VENTURE: GSR)(OTC PINK: APRAF)(FRANKFURT: KCG1) has received numerous inquiries regarding the exercise prices and expiry dates of its share purchase warrants since completion of the statutory arrangement (the "Arrangement") involving the security holders of the Company and Petro One Energy Corp. ("Petro One") on February 29, 2016. Accordingly, the Company is issuing this news release to explain the current exercise prices and expiry dates of all of its outstanding warrants, in order that all of its shareholders, including persons who were holders of warrants to purchase shares of Petro One prior to completion of the Arrangement, are informed of their rights in those regards.
Goldstrike Warrants
The Arrangement provided for re-pricing or extension of the exercise terms of certain of Goldstrike's outstanding warrants, as follows:
Goldstrike warrant certificates representing any of the Goldstrike warrants described above now represent the same number of Goldstrike warrants having the new exercise terms described above. Holders of such certificates may exercise their Goldstrike warrants by completing the exercise form attached to their Goldstrike warrant certificate(s) and depositing such certificate(s), together with a cheque or bank draft payable to "Goldstrike Resources Ltd." for the applicable exercise price, with Goldstrike at 1300 - 1111 West Georgia Street, Vancouver, B.C., Canada, V6E 4M3.
Petro One Warrants
The Arrangement provided for the exchange of all outstanding Petro One warrants for Goldstrike warrants on a 1:1 basis, with each of the resulting Goldstrike warrants exercisable to purchase one Goldstrike share for $0.15 until October 7, 2016, as follows:
Petro One warrant certificates representing any of the Petro One warrants described above now represent an equivalent number of Goldstrike warrants having the terms described above. Holders of Petro One certificates may exercise the Goldstrike warrants now represented by such Petro One certificates by completing the exercise form attached to their Petro One warrant certificate(s) and depositing such certificate(s), together with a cheque or bank draft payable to "Goldstrike Resources Ltd." for the applicable exercise price, with Goldstrike at 1300 - 1111 West Georgia Street, Vancouver, B.C., Canada, V6E 4M3.
On May 27, 2016 the Company issued a news release reporting that it intended to apply to the TSX Venture Exchange (the "Exchange") for consent to extend the exercise term of 1,307,679 outstanding share purchase warrants from June 15, 2016 to October 7, 2016. The Company subsequently determined that such an extension is not available because those warrants are exercisable at $0.15, which is below the current Market Price of Goldstrike's shares. Accordingly, as noted above, each Goldstrike warrant represented by a Goldstrike warrant certificate indicating an exercise price of $0.80 per share and an expiry date of June 15, 2016 is now exercisable to purchase one Goldstrike share for $0.15 until June 15, 2016.
ON BEHALF OF THE BOARD
Terrence E. King, President and Chief Executive Officer
For new information on Goldstrike's projects, please visit Goldstrike's website at GoldstrikeResources.com.
For further information follow the Company's tweets at Twitter.com/GoldstrikeRes.
Neither 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.
Contacts:
Goldstrike Resources Ltd.
(604) 681-1820
IR: (604) 210-2150
(604) 681-1864 (FAX)
King James Capital Corporation
Jeff Stuart
Investor Relations
(604) 210-2150
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.06.2016 - 22:00 Uhr
Sprache: Deutsch
News-ID 475658
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 352 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Goldstrike Resources Ltd. Explains Warrant Amendments"
steht unter der journalistisch-redaktionellen Verantwortung von
Goldstrike Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
