Caerus Resource Proposes to Extend and Reprice Warrant Terms
January 24, 2012Print PDF
Vancouver, British Columbia – Caerus Resource Corporation (the “Company”) (TSX-V:CA) announces that it will be sending in an application to the TSX Venture Exchange to extend the warrant expiry date by one year to purchase up to 4,235,000 common shares at a repriced exercise price of $0.23 per share. These warrants were issued in connection with a private placement announced on January 19, 2010 and amended on February 8, 2010 and are scheduled to expire on February 24, 2012.
On Behalf of the Board of Directors of Caerus Resource Corporation.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com
For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
