Regulus Announces Intention to Extend Warrants
December 10 2019 - 7:00AM
Regulus Resources (“Regulus” or the “Company”) (TSX-V:
REG) proposes to extend the expiry date of 4,217,452
common share purchase warrants (the “Warrants”) that were issued
pursuant to a private placement which closed on July 27, 2016. The
Warrants are exercisable into common shares of the Company at an
exercise price of $1.60 per common share. The Company will seek
acceptance from the TSX Venture Exchange (the “Exchange”) to extend
the term of the Warrants for an additional year to January 27,
2021. All other terms of the Warrants will remain the same.
The proposed amendment to extend the expiry date
of the Warrants is subject to Exchange acceptance.
For Further Information, please
contact:
Regulus Resources Inc.
John E. Black |
CEO / Director |
Phone: |
+1 303 618-7797 mobile |
|
+1 720 514-9036 office |
Email: |
john.black@regulusresources.com |
Adam Greening |
Vice President, Corporate Development |
Phone: |
+1 647 923 7799 |
Email: |
adam.greening@regulusresources.com |
Laura Brangwin |
Manager, Investor Relations |
Phone: |
+447517313833 |
Email: |
laura.brangwin@regulusresources.com |
About Regulus Resources Inc. and the
AntaKori Project
Regulus Resources Inc. is an international
mineral exploration company run by an experienced technical and
management team. The principal project held by Regulus is the
AntaKori copper-gold-silver project in northern Peru. The AntaKori
project currently hosts a resource with indicated mineral resources
of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and
7.5 g/t Ag and inferred mineral resources of 267 million tonnes
with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press
release dated March 1, 2019). Mineralization remains open in most
directions and drilling is currently underway to confirm and
increase the size of the resource.
For further information on Regulus Resources
Inc., please consult our website at www.regulusresources.com.
Cautionary Note This news
release contains certain forward-looking statements, including
statements regarding the Company’s ability to receive acceptance
from the Exchange to the extension of the expiry date of the
Warrants and the business and anticipated financial performance of
the Company. These statements are subject to a number of risks and
uncertainties. Actual results may differ materially from results
contemplated by the forward-looking statements. Factors that could
cause actual results to differ materially from those in
forward-looking statements include: the Company does not receive
regulatory acceptance to the extension of the expiry dates of the
Warrants; changes in metal prices, changes in the availability of
funding; unanticipated changes in key management personnel and
general economic conditions. Mining is an inherently risky
business. Accordingly the actual events may differ marginally from
those projected in the forward-looking statements. When
relying on forward-looking statements to make decisions, investors
and others should carefully consider the foregoing factors and
other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to
update any forward looking statements, oral or written, made by
itself or on its behalf.
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