VANCOUVER, Sept. 18, 2015 /CNW/ - Freegold Ventures Limited
(TSX: FVL, Frankfurt: FR4N) ("Freegold") is announcing that
given current market conditions, Freegold has extended the expiry
date of the following share purchase warrant:
The September 20, 2013 private
placement warrants of 1,250,000 were re-priced January 24, 2014 from $0.50 to $0.25 until September 20, 2014 then $0.30 to the expiry date of September 20, 2015; provided however, that
Company's common shares trade on the TSX at or above a volume
weighted average trading price of $0.50 per common share for 10 consecutive trading
days the company may give notice to the holders that each warrant
will expire 30 days from the date of providing such notice.
The Company has extended the expiry date of the warrants for a
further six months from September 20,
2015 to March 20, 2016 and the
price and average trading price will remain the same.
No insiders of Freegold hold any warrants described above that
are being amended. The amendments described above will become
effective October 2, 2015.
Drilling is currently underway at Shorty Creek as part of a
planned 10,000 foot program. Shorty Creek is a copper-gold -
molybdenum porphyry target located near Livengood, Alaska.
About Freegold Ventures Limited
Freegold is a TSX listed company focused on exploration in
Alaska and holds the Golden Summit
Gold Project, near Fairbanks as
well as a 100% lease interest on the Shorty Creek Copper – Gold –
Molybdenum Project near Livengood.
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs
SOURCE Freegold Ventures Limited