Altai Announces Extension of Warrant Term
30 Aprile 2010 - 4:53PM
Marketwired Canada
Altai Resources Inc. (TSX VENTURE:ATI) (US SEC Rule 12g3-2(b) File # 82-2950)
("Altai" and the "Company") is extending the warrant term by one year to May 4,
2011 for the 1,000,000 common share purchase warrants issued pursuant to the
private placement of 2,000,000 common share units at $0.95 per unit closed on
May 5, 2008 with warrant exercise price of $1.25 per common share and original
one year warrant expiry date of May 4, 2009 which was subsequently extended to
May 4, 2010. All other terms and conditions of the warrants remain the same. A
director of the Company and a company controlled by him each holds 100,000 of
those warrants.
The Altai Board has approved and TSX Venture Exchange has conditionally
consented to the extension of the warrant term.
ALTAI RESOURCES INC. IS A RESOURCE COMPANY WITH A PORTFOLIO OF OIL AND GAS (IN
THE ST. LAWRENCE LOWLANDS, QUEBEC), GOLD, NICKEL AND SULPHUR PROPERTIES IN
CANADA AND THE PHILIPPINES.
We Seek Safe Harbour.
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