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Petromin Announces Warrant Extension
 
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.

 

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