Nevada Sunrise Announces Application to Amend Warrants Terms
30 Marzo 2015 - 2:02PM
Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company")
(TSX-V:NEV) announces that it has made an application to the TSX
Venture Exchange (the "TSXV") to amend the terms of an aggregate of
2,605,000 outstanding share purchase warrants (the "Warrants"),
1,500,000 of which were issued on March 20, 2014 (the "March 2014
Warrants), and 1,105,000 of which were issued on May 13, 2014 (the
"May 2014 Warrants") in connection with two non-brokered private
placements (the "Private Placements - see Nevada Sunrise news
releases dated March 20, 2014 and May 13, 2014 for further details
on the Private Placements). Nevada Sunrise has made application to
the TSXV to amend the terms of the Warrants as follows:
- to extend the term of 1,500,000 March 2014 Warrants for an
additional year to March 20, 2017, and to reduce the exercise price
from $0.55 cents to $0.50; and
- to extend the term of 1,105,000 May 2014 Warrants for an
additional two years to May 13, 2017, and, subject to the consent
of the affected warrantholders, to reduce the exercise price from
$1.35 to $0.50. In the case of the May 2014 Warrants, the amended
exercise price will include an accelerated expiry clause such that
the exercise period of the May 2014 Warrants will be reduced to 30
days if, for any ten consecutive trading days during the unexpired
term (the "Premium Trading Days"), the closing price of the common
shares of Nevada Sunrise exceeds the exercise price of the May 2014
Warrants by 25% or more. The reduced exercise period of 30 days
will begin no more than 7 calendar days after the tenth Premium
Trading Day.
Finder's warrants issued in connection with the Private
Placements are not eligible for the proposed amendments. The
proposed amendments to the terms of the Warrants are subject to
acceptance by the TSXV.
About Nevada Sunrise
Nevada Sunrise is a junior gold exploration company with a
strong technical team based in Vancouver, BC, Canada, that holds
interests in three exploration projects in Nevada, USA. Our three
key assets include Kinsley Mountain near Wendover, the Golden Arrow
project near Tonopah, and the recently-acquired Roulette property
(formerly known as the Grulla property) near Ely, Nevada.
FORWARD LOOKING STATEMENTS
This release may contain forward‐looking statements. Forward
looking statements are statements that are not historical facts and
are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such
forward‐looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking
statements. Forward‐looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date such
statements were made. The Company expressly disclaims any intention
or obligation to update or revise any forward‐looking statements
whether as a result of new information, future events or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy of
this release. The Securities of Nevada Sunrise Gold Corporation
have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold within the United
States or to the account or benefit of any U.S.
person.
CONTACT: For Further Information Contact:
Warren Stanyer, President and Chief Executive Officer
Telephone: (604) 428-8028
Facsimile: (604) 484-7143
Email: warrenstanyer@nevadasunrise.ca
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