BW1471 JAN 13,1997 17:32 PACIFIC 20:32 EASTERN
( BW)(PERUVIAN-GOLD-LIMITED)(PVO.) Peruvian Gold Limited - Share Purchase Warrants Repriced
Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 13, 1997--
Peruvian Gold Limited (VSE PVO. ) David Henstridge, President,
announces that in light of current market conditions, the Company has
agreed to reprice all of the share purchase warrants to purchase up
to an additional 1,500,000 shares at any time up to September 20,
1998 at a price of $6.00, to be issued under its previously issued
special warrants upon receipt of its final prospectus, to a price of
$4.50 per share up to September 20, 1997 and at a price of $5.18 per
share thereafter up to September 20, 1998. The Company placed
3,000,000 special warrants through Canaccord Capital Corporation and
C.M. Oliver & Company Limited on September 20, 1996 at a price of
$4.50 per special warrant in accordance with market conditions at the
time. The repricing of these warrants is not less than such market
price and still exceeds the Company's current market price.
On behalf of the Board of Directors
David Henstridge, President
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Note to editors: The Vancouver Stock Exchange has not reviewed
and does not accept the responsibility for the adequacy or accuracy
of this release.
CONTACT: Peruvian Gold Limited
David Henstridge, 604/ 681-0110
604/ 682-2236 (FAX)
1-888-215-5111
E-mail: pvo@intergate.bc.ca
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