Canadian International Minerals Extends and Reprices Warrantsadmin
September 30, 2013, Vancouver, BC: Canadian International Minerals Inc. (the "Company") (CIN – TSX Venture) announces that the Company has arranged to amend the terms of share purchase warrants issued on October 4, 2011, with an original expiry date of October 4, 2013. There are currently 1,480,000 warrants outstanding, each warrant exercisable into one common share of the Company at a price of $0.30 per share (the "Warrants"). Subject to the acceptance of the TSX Venture Exchange, the new expiry date of the warrants will be October 4, 2016 and the exercise price of the warrants will be changed to $0.05 per share. The Warrants will now include an acceleration provision, being that if the common shares of the Company trade on the TSX Venture Exchange at a price of $0.07 or more for 10 consecutive trading days at any time (the "Acceleration Event"), then the Warrants will expire, on the earlier of the expiry date and 4:30 p.m. (Vancouver time) on the date which is 30 calendar days after the Company provides notice to the holders of the warrants that the Acceleration Event has occurred.
ON BEHALF OF THE BOARD
Michael E. Schuss
President and Chief Executive Officer
For further information on Canadian International Minerals Inc., please visit the Company website at www.cdnintlminerals.com.
"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."
Posted: September 30th, 2013 under ACCESSWIRE.