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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 Extend Term of Warrants

14/06/2012 1:00pm

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
extend the term of each of its Series 2010-I and Series 2010-II warrants.


An aggregate of 5,000,000 Series 2010-I warrants were originally issued on June
29, 2010 and are 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"). An aggregate of 500,000 Series 2010-II warrants were
originally issued on June 29, 2010 and are exercisable at $0.75 per share until
5:00 p.m. (Vancouver time) on June 29, 2012. 


The Company is applying to the TSXV (i) to extend the expiry date of the Series
2010-I warrants to June 29, 2013, subject to the Acceleration Provisions; and
(ii) to extend the expiry date of the Series 2010-II warrants to June 29, 2013.
The exercise price for both series of warrants will remain the same.


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


About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company with an option
to acquire 100% interest in the Anza project located in the west of the
Antioquia Department in the Republic of Colombia. Upon exercise of the option,
the optionors will retain a 2% net smelter return royalty on that portion of the
Anza property governed by the Option Agreement, one-half of which may be
purchased by Waymar for a cash payment of US$1,000,000. 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

Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of the
Company, including, but not limited to the availability of applicable regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements.


Shares Outstanding: 45,945,170

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