Calibre to Amend Warrants
April 29 2014 - 9:00AM
Marketwired
Calibre to Amend Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 29, 2014) -
Calibre Mining Corp. (TSX-VENTURE:CXB) (the "Company" or "Calibre")
announces that it has applied to the TSX Venture Exchange (the
"Exchange") for approval to amend the terms of 10 million common
share purchase warrants (the "Warrants") of the Company held by
B2Gold Corp. ("B2Gold"). The Warrants were originally issued to
B2Gold pursuant to a non-brokered private placement of 20 million
units at a price of $0.25 per unit, which closed on May 2, 2012.
Each unit consisted of one common share and one-half of one
Warrant, with each Warrant entitling B2Gold to purchase an
additional common share of the Company until May 2, 2013 at an
exercise price of $0.50. The Warrants were previously amended by
extending the term by one additional year from May 2, 2013 to May
2, 2014 and by reducing the exercise price from $0.50 to $0.10.
Pursuant to the amendments, the term of the Warrants will be
further extended by three months from May 2, 2014 to August 2, 2014
(the "Amended Expiry Date") and the exercise price will be further
reduced from $0.10 to $0.05 (the "Amended Exercise Price").
If during the term of the amended Warrants, the closing price of
the Company's common shares on the Exchange exceeds $0.0625 during
a period of 10 consecutive trading days, then the Amended Expiry
Date will be deemed to be automatically accelerated as a result of
which the amended Warrants will expire on the earlier of the 37th
calendar day following the tenth trading day and the Amended Expiry
Date. All other terms and conditions of the Warrants will remain
unchanged.
Exchange approval for the amendments will be evidenced by a
bulletin which the Company expects to be issued on April 29,
2014.
About Calibre Mining Corp.
Calibre controls a 100% interest in 429 km2 of mineral
concessions and additionally, Calibre has joint venture exploration
programs underway with B2Gold Corp. on 322.3 km2 of concessions
which include the Primavera gold-copper porphyry discovery and
Alder Resources Ltd. on the 33.6 km2 Rosita gold-copper-silver
project. Major shareholders of Calibre include gold producer B2Gold
Corp.
Calibre Mining Corp.
Greg Smith, P.Geo., President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Calibre Mining Corp.Ryan King604
628-1012www.calibremining.com
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