Stillwater Critical Minerals Corp. press release
Jantar Amended Terms Of Share Purchase Warrants
TSXV - TSX Venture Exchange · Nickel · Copper · Cobalt · Platinum · Palladium · Rhodium · Gold · Chromium · Ruthenium · Iridium · Osmium · Canada
Jun. 24, 2009 (Baystreet.ca) --
Vancouver, B.C. -- Jantar Resources Ltd. (TSX-V: JR) (“Jantar” or “the Company”) is pleased to announce that further to its news release dated May 22, 2009, it has received final TSX Venture Exchange acceptance with respect to its repricing of 3,000,000 share purchase warrants originally issued in connection with a non-brokered private placement first announced on June 16, 2008 and closed on July 7, 2008. The original terms specified that each whole warrant was exercisable into one common share at a price of $0.30 per share expiring on July 7, 2009. The Company amended the warrant exercise price from $0.30 per share to $0.20 per share and extended the expiry date from July 7, 2009 to July 7, 2011.
According to the policies of the TSX Venture Exchange, the warrant holders will be required to exercise their warrants within a period of 30 days if the Company’s common shares close at or above $0.25 for 10 consecutive trading days, otherwise the warrants will, if not exercised, expire at the end of such 30 day period.
On behalf of the Board of Directors JANTAR RESOURCES LTD.
“Tony M. Ricci ”
Tony M. Ricci President & CEO
For more information contact the Company at:
Telephone: (604) 669-9788 Facsimile: (604) 669-9768
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. We seek Safe Harbor.