Razore Rock Resources Inc. ("Razore" or the "Company") (CNSX:RZR) wishes to
announce that it is extending the exercise dates of 3,709,999 warrants currently
exercisable between December 31, 2013 and February 11, 2014 at $0.10 per share
effective October 8, 2013. The warrants were issued pursuant to a private
placement financing which closed in tranches between December 31, 2010 and
February 11, 2011 as well as a debt settlement that closed on January 25, 2011.
The warrants' expiry dates will be extended for one (1) year from their existing
expiry dates (which dates were previously extended as announced on January 16,
2012 and December 13, 2012). There has been no change to the warrants' exercise
price of $0.10. All warrants extended remain subject to the following
acceleration provision: in the event that the closing price of the Company's
Common Shares is at least $0.20 for twenty (20) consecutive trading days (the
"Final Trading Day"), the warrants will expire thirty (30) days from the Final
Trading Day.


Insiders of the Company hold an aggregate of 671,428 warrants. The insider
warrants extension is exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue
of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that
the fair market value of the consideration for the securities of the Company
issued to the insiders does not exceed 25% of its market capitalization. The
insider warrants extension was approved by the disinterested directors of the
Company.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Razore Rock Resources Inc.
Mr. William R. Johnstone
Secretary-Treasurer and a Director of the Company
(416) 865-6605
Razore Rock Resources (CSE:RZR)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Razore Rock Resources Charts.
Razore Rock Resources (CSE:RZR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Razore Rock Resources Charts.