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RZR Razore Rock Resources Inc

0.075
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Razore Rock Resources Inc CSE:RZR CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 0.075 0.20 0 01:00:00

Razore Rock Announces 1 Year Extension of Warrants

13/12/2012 4:23pm

Marketwired Canada


Razore Rock Resources Inc. ("Razore" or the "Company") (CNSX:RZR) wishes to
announce that it is extending the exercise dates of 3,709,999 warrants currently
exercisable between December 31, 2012 and February 11, 2013 at $0.10 per share.
The warrants were issued pursuant to a private placement financing which closed
in tranches between December 31, 2010 and February 11, 2011 as well as a debt
settlement that closed on January 25, 2011. The warrants' expiry dates will be
extended for one (1) year from their existing expiry dates (which dates were
previously extended as announced on January 16, 2012). There has been no change
to the warrants' exercise price of $0.10. All warrants extended remain subject
to the following acceleration provision: in the event that the closing price of
the Company's Common Shares is at least $0.20 for twenty (20) consecutive
trading days (the "Final Trading Day"), the warrants will expire thirty (30)
days from the Final Trading Day.


Canadian National Stock Exchange ("CNSX") approval has been obtained to the
extension of the warrants.


Insiders of the Company hold an aggregate of 671,428 warrants. The insider
warrants extension is exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue
of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that
the fair market value of the consideration for the securities of the Company
issued to the insiders does not exceed 25% of its market capitalization. The
insider warrants extension was approved by the disinterested directors of the
Company.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Razore Rock Resources Inc.
Mr. William R. Johnstone
Secretary-Treasurer and a Director of the Company
(416) 865-6605

1 Year Razore Rock Resources Chart

1 Year Razore Rock Resources Chart

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1 Month Razore Rock Resources Chart