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WYM Waymar Resources Ltd

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Share Name Share Symbol Market Type
Waymar Resources Ltd TSXV:WYM 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 -

Waymar Resources Ltd. to Amend Exercise Price of Series 2010-I Warrants

15/07/2013 1:30pm

Marketwired Canada


Waymar Resources Ltd. (TSX VENTURE:WYM) (the "Company" or "Waymar") announces
that it will make an application to the TSX Venture Exchange (the "TSXV") to
amend the exercise price of each of its 4,581,250 outstanding Series 2010-I
warrants to $0.25 per share. The Series 2010-I warrants are exercisable until
5:00 p.m. (Vancouver time) on June 29, 2014, however, the proposed amendment to
the exercise price will provide that if the closing price of the common shares
of Waymar on the TSXV is equal to our higher than $0.31 per share for any 10
consecutive trading days during the unexpired term of the Warrant (the "Premium
Trading Days"), the exercise period for the Warrants is to be amended by
reducing the exercise period to 30 days, and for more certainty, the reduced
exercise period of 30 days will begin 7 calendar days after the tenth Premium
Trading Day (the Amended Acceleration Provisions").


An aggregate of 5,000,000 Series 2010-I warrants were originally issued on June
29, 2010 and were exercisable at $0.55 per share until 5:00 p.m. (Vancouver
time) on June 29, 2012, provided that if the closing price of the common shares
of Waymar on the TSXV is equal to or higher than $1.10 per share for a period of
20 consecutive trading days, Waymar may accelerate the expiry date of the Series
2010-I warrants to the 30th day after the date on which notice of the
accelerated expiry date is given to the holders of such warrants by Waymar (the
"Acceleration Provisions"). On June 20, 2012, the TSXV approved the Company's
application to extend the term of its Series 2010-I warrants, such that the
4,581,250 outstanding Series 2010-I warrants become exercisable at $0.55 per
share until 5:00 p.m. (Vancouver time) on June 29, 2013, subject to the
Acceleration Provisions. On June 18, 2013, the TSXV approved the Company's
application to extend the term of its Series 2010-I warrants, such that the
4,581,250 outstanding Series 2010-I warrants become exercisable at $0.55 per
share until 5:00 p.m. (Vancouver time) on June 29, 2014, subject to the
Acceleration Provisions.


The warrant amendments have been approved by the board of directors of the
Company. The warrant amendments remain subject to TSXV approval and approval of
the Warrantholders.


About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company that has
acquired a 100% interest in the Anza project located in the west of the
Antioquia Department in the Republic of Colombia. Waymar also has 100% ownership
of certain properties surrounding Anza that cover the district's mineral
potential and is continually seeking opportunities to acquire exploration
properties. Colombia is a significant producer of gold, nickel, emeralds,
petroleum and natural gas as well as a leading producer of coal in Latin
America.


WAYMAR RESOURCES LTD.

Pablo Marcet, President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


This press release may contain "forward-looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
Waymar made at the date that such statements are made. Forward looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Waymar to be materially different from those expressed or
implied by such forward-looking information, including the risk factors relating
to receipt of regulatory and Warrantholder approval of the amendment to the
exercise price of the 2010-I warrants, and as otherwise disclosed elsewhere in
Waymar's public disclosure. Accordingly, readers should not place undue reliance
on forward-looking information. The forward-looking information contained herein
is presented for the purposes of assisting investors in understanding Waymar's
plans and objectives and may not be appropriate for other purposes. Waymar does
not undertake to update any forward-looking information, except in accordance
with applicable securities laws. 


Shares Outstanding: 49,245,170

FOR FURTHER INFORMATION PLEASE CONTACT: 
Waymar Resources Ltd.
Investor Relations
1-778-373-0100
info@waymarresources.com

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