VANCOUVER, Nov. 12, 2013 /CNW/ - Tanzania Minerals Corp.
(TSXV: TZM) (the "Company") announces that subject to
regulatory approval, the Company intends to extend the expiry date
of 8,182,000 share purchase warrants expiring December 7, 2013 (the "Warrants"), for two
additional years to December 7, 2015
and to amend the exercise price of these warrants to be 0.35 per
share from $0.75.
The Warrants were originally issued to
subscribers pursuant to a private placement which closed on
December 7, 2010. The Warrants
originally provided for each Warrant to be exercisable into a
common share of the Company at a price of $0.75 for a period of two years. Since
then, the expiry date of these warrants was extended once to
December 7, 2013.
Pursuant to the policies of the TSX Venture
Exchange, in the event that the closing price of the Company's
listed shares exceeds $0.47 for 10
consecutive trading days, the exercise period will be reduced to 37
days.
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
On behalf of the Board of Directors of Tanzania Minerals
Corp.
"Kal Matharu"
Kal Matharu, President & CEO
This news release includes forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. 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 or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update
any forward-looking statements unless otherwise required by the
applicable law.
SOURCE Tanzania Minerals Corp