New Carolin Gold Corp. Proposes To Amend Warrant Terms And Amend Exercise Price Of Warrants
October 01 2013 - 3:35PM
Access Wire
Vancouver, British Columbia -
New Carolin Gold Corp.
(the "Company")
(TSX-V: LAD) announces that further to the Company's
private placement that closed on October 16, 2012 and subject to
regulatory approval, the Company intends to apply to the TSX
Venture Exchange (the "TSX-V") to amend the
terms of an aggregate of 1,282,500 non-transferable common share
purchase warrants (the "Warrants") exercisable to
purchase up to 1,282,500 common shares in the capital of the
Company. These Warrants are currently set to expire on October 16,
2013. Specifically, the Company will seek approval from the TSX-V
to amend the Warrants by extending the term for one year to October
16, 2014 and amending the exercise price of the Warrants from $0.16
to $0.10, subject to applicable TSX-V policies.
Currently, insiders
of the Company hold approximately 2% of the Warrants issued
pursuant to the October 16, 2012 private placement.
The proposed
amendments as set forth above are subject to the approval of the
TSX-V.
About New
Carolin Gold Corp.
New
Carolin Gold is a Canadian-based junior mineral exploration and
development company engaged in the acquisition, exploration,
evaluation and development of 144 sq kms of contiguous mineral
claims, collectively known as the Ladner Gold Project, located
along the prospective and under-explored Coquihalla Gold Belt
located in southwestern British Columbia, which is host to several
historic small gold producers including the Carolin Mine,
Emancipation Mine, Pipestem Mine and numerous gold
prospects.
For further information
please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF
THE BOARD OF DIRECTORS
"Bruce W.
Downing"
Bruce W. Downing, M.Sc.,
P.Geo, Hon.FEC
President & Chief
Executive Officer
Office (855) 294-1411 or
(778) 294-3211
Email ceo@newcarolingold.com
Web site www.newcarolingold.com
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 the accuracy of this press
release. We seek Safe Harbor.
Not for distribution in the
United States.
Caution
concerning forward-looking information
This news release may
contain forward-looking statements that are based on the Company's
expectations, estimates and projections regarding its business and
the economic environment in which it operates. These statements are
not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Therefore,
actual outcomes and results may differ materially from those
expressed in these forward-looking statements and readers should
not place undue reliance on such statements. Statements speak only
as of the date on which they are made, and the Company undertakes
no obligation to update them publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by
law.
Not for distribution in the
United States.
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