Petromin Announces Warrant Extension
Friday, 14 June 2013
Petromin Resources Ltd. announces that the expiration date of warrants issued in
respect of a private placement which closed on June 18th, 2012 has been extended additional two years.
The private placement of
June 18th 2012 represented 9,000,000 units at a price of $0.05 per unit for
gross proceeds of $450,000. 4,500,000 common share purchase warrants were
issued to the placees at the exercise price of $0.10 per common share.
Each warrant was entitled to purchase one common
share of the Company at a price of $ 0.10 for a period of 12 months following
the closing of the Offering. The initial deadline of the warrants was June 18, 2013 and is now
extended to June 18th 2015. The exercise price
remains at $ 0.10 per common share.
No unit has been
exercised to date.