- Anacortes Mining (XYZ) is seeking a one year extension of warrants issued by New Oroperu Resources Inc.
- No other terms of the warrants are to be amended and the exercise price remains the same
- Anacortes Mining (XYZ) is a new growth-oriented gold company in the Americas, which owns a 100 % interest in the Tres Cruces gold project located in Peru
- Anacortes Mining (XYZ) is up today, trading at C$0.49 at 3:44pm ET
Anacortes Mining (XYZ) has applied to extend the expiration date of 1,850,000 common share purchase warrants issued issued by New Oroperu Resources Inc.
Since October last year, the company’s share exchange (where common shares of New Oroperu were acquired) led to warrants being amended. This share exchange entitles holders to purchase common shares of the company at an exercise price of $0.52. If this application to the TSXV is granted, the expiration date of the warrants will be extended by one year to August 8, 2023. No other terms of the warrants are to be amended, and the exercise price remains the same. Certain warrants are held by parties considered “related parties” of the company. Therefore, the amendment of the related party warrants constitutes a “related party transaction” as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions and TSXV Policy 5.9. A material change report regarding this related party transaction will be filed.
Holders of warrants will not receive an amended warrant certificate, and will be required to submit their original warrant certificate in order to exercise warrants.
The proposed amendment of the warrants is subject to TSXV approval.
Anacortes Mining (XYZ) is a new growth-oriented gold company in the Americas, which owns a 100 % interest in the Tres Cruces gold project located in Peru.
Anacortes Mining (XYZ) is up today, trading at C$0.49 at 3:44pm ET.