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RGZ

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0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:RGZ TSX Venture 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 -

Randsburg Seeking Extension to Warrant Expiry Date

05/04/2012 7:00pm

Marketwired Canada


Randsburg International Gold Corporation (TSX VENTURE:RGZ) ("Randsburg" or the
"Company") announced today that it is seeking to extend the expiry date of
certain outstanding warrants. The subject warrants, totalling 4,400,000 were
originally issued May 20, 2011 with an original expiry date of one year, being
May 20, 2012. The new expiry date will provide a one year extension. 400,000 of
these warrants are held by insiders and will only be amended with the approval
of the disinterested shareholders of Randsburg which will be sought at the next
shareholders meeting. The amendment to the expiry date of the warrants held by
arm's length parties will become effective upon approval by the TSX Venture
Exchange. The warrants will continue to be exercisable at their original
exercise price. The amendment of the expiry date of the warrants requires
approval by the TSX Venture Exchange.


Pursuant to its stock option plan, the Company has agreed to grant a total of
1,600,000 incentive stock options (the "Stock Options") to officers, directors
and consultants of the Corporation. Each Stock Option entitles the holder
thereof to acquire one common share of the Corporation at an exercise price of
$0.10 per common share within 2 years of the date of grant. The grant of the
Stock Options is subject to all required regulatory approval.


On behalf of the Board of Directors of Randsburg International Gold Corp.

Michael Opara, President and Chief Executive Officer

Copyright, 2012 - Randsburg International Gold Corporation. This news release
can be reproduced and retransmitted in whole, with no changes permitted of any
kind, including headlines, or the addition of any headlines or other material,
and providing it is supplied and made available without charge to the end
reader.


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