MINDORO ANNOUNCES EXTENSION OF PURCHASE WARRANT EXPIRY DATE
EDMONTON, June 19 /CNW/ - Mindoro Resources Ltd. (``Mindoro'') announced
today that it has sought and obtained the conditional consent from The Alberta
Stock Exchange (the ``Exchange'') and Montreal Trust Company of Canada for
extension of the exercise period for 2,500,000 Purchase Warrants issued upon
exercise of 5,000,000 Special Warrants previously issued June 20, 1996. Each
Purchase Warrant currently entitles the holder thereof, upon exercise and
payment of $1.50, to acquire one Common Share of Mindoro on or before June 20,
1997. The extension will allow holders to exercise their Warrants for an
additional year until June 20, 1998. The extension will not apply to the
175,000 Warrants issued to and held by Yorkton Securities Inc. for their
service as agent for the Special Warrant financing.
Mindoro Resources Ltd. is a Canadian-based mineral exploration company
focusing on gold and gold-copper exploration in Southeast Asia. The Company
presently has working capital of approximately $4,800,000.
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
%SEDAR: 00002772E
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For further information: Tony Climie, President and CEO, Rodney Orr, Vice President Exploration, Penny Gould, Manager Corporate Affairs, (403) 413-8187, Fax: (403) 426-2716, E-mail: mindoro(at)mindoro.com, Website: mindoro.com |
