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Gold/Mining/Energy : Nuinsco Resources (NWI)
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To: michel v gagnon who wrote (5806)6/11/2003 2:06:35 AM
From: Jake V.   of 5821
 
warrants repriced to .20 excercisable at .65

Nuinsco extends, reprices 446,250 outstanding warrants

Nuinsco Resources Ltd NWI
Shares issued 57,954,490 Jun 6 close $0.19
Mon 9 Jun 2003 News Release
Mr H. Douglas Hume reports
NUINSCO ANNOUNCES EXTENSION AND REPRICING OF WARRANTS
Nuinsco Resources has extended and repriced a total of 446,250 warrants of
the company originally set to expire on May 31, 2003, and that are
exercisable to acquire common shares of the company at a price of 65 cents
per share. The company has amended the terms of the warrants to extend the
expiry to Aug. 31, 2003, and reduce the exercise price to 20 cents per
common share. All of the warrantholders are at arm's length to the company,
and the extension and repricing of the warrants has been conditionally
approved by the Toronto Stock Exchange and by the board of directors of the
company.
(c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com
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