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WYM Waymar Resources Ltd

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Last Updated: -
Delayed by 15 minutes
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

18/06/2013 11:26pm

Marketwired Canada


Waymar Resources Ltd. (TSX VENTURE:WYM) (the "Company" or "Waymar") announces
that the TSX Venture Exchange (the "TSXV") has approved the Company's
application to extend the term of its Series 2010-I warrants.


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 had approved the
Company's prior application to extend the term of its Series 2010-I warrants,
such that the 4,581,250 outstanding Series 2010-I warrants are exercisable at
$0.55 per share until 5:00 p.m. (Vancouver time) on June 29, 2013, subject to
the Acceleration Provisions.


The 4,581,250 outstanding Series 2010-I warrants are now exercisable at $0.55
per share until 5:00 p.m. (Vancouver time) on June 29, 2014, subject to the
Acceleration Provisions.


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

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 shareholder approval of the Policy, 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: 47,245,170

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

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