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Share Name | Share Symbol | Market | Type |
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TSXV:SLV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
STEALTH VENTURES LTD. (the "Corporation") (TSX VENTURE:SLV) announces that it has applied to the TSXV for an extension of the expiry date of certain of its outstanding common share purchase warrants (the "Warrants"). The application seeks TSXV approval of the extension of the expiry date of (a) the 10,276,465 Warrants issued on December 10, 2009 and having an exercise price of $0.15 per whole Warrant to December 10, 2012; and (b) the 7,552,857 Warrants issued on December 31, 2009 and having an exercise price of $0.15 per whole Warrant to December 31, 2012. For further information on the original issuance of the Warrants, please refer to the press releases of the Corporation dated November 19, 2009 and December 8, 2009 filed on SEDAR. Warrant-holders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to the Corporation in order to effect the exercise or transfer of such Warrants. The Company is further pleased to announce that the shares of Stealth will resume trading as the markets open on December 7, 2011. While the Company is continuing to finalize the acquisition of the private company, with assets in India, (as announced on November 28, 2011) which is subject to various Government and Regulatory Approvals, it is also working on various options to complete the required financing to help close this Transaction. The Company is confident about completing the approval processes and closing the transaction with the required financing. We seek safe harbor. Statements in this joint press release contain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Readers are cautioned that assumptions used in the preparation of forward- looking information may prove to be incorrect. Although we believe that the expectations reflected in the forward- looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. The Corporation undertakes any obligation to update or revise any forward-looking statements to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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