|By Marketwired .||
|April 29, 2014 09:03 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/14 -- Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") announces that it has applied to the TSX Venture Exchange (the "Exchange") for approval to amend the terms of 10 million common share purchase warrants (the "Warrants") of the Company held by B2Gold Corp. ("B2Gold"). The Warrants were originally issued to B2Gold pursuant to a non-brokered private placement of 20 million units at a price of $0.25 per unit, which closed on May 2, 2012. Each unit consisted of one common share and one-half of one Warrant, with each Warrant entitling B2Gold to purchase an additional common share of the Company until May 2, 2013 at an exercise price of $0.50. The Warrants were previously amended by extending the term by one additional year from May 2, 2013 to May 2, 2014 and by reducing the exercise price from $0.50 to $0.10.
Pursuant to the amendments, the term of the Warrants will be further extended by three months from May 2, 2014 to August 2, 2014 (the "Amended Expiry Date") and the exercise price will be further reduced from $0.10 to $0.05 (the "Amended Exercise Price").
If during the term of the amended Warrants, the closing price of the Company's common shares on the Exchange exceeds $0.0625 during a period of 10 consecutive trading days, then the Amended Expiry Date will be deemed to be automatically accelerated as a result of which the amended Warrants will expire on the earlier of the 37th calendar day following the tenth trading day and the Amended Expiry Date. All other terms and conditions of the Warrants will remain unchanged.
Exchange approval for the amendments will be evidenced by a bulletin which the Company expects to be issued on April 29, 2014.
About Calibre Mining Corp.
Calibre controls a 100% interest in 429 km2 of mineral concessions and additionally, Calibre has joint venture exploration programs underway with B2Gold Corp. on 322.3 km2 of concessions which include the Primavera gold-copper porphyry discovery and Alder Resources Ltd. on the 33.6 km2 Rosita gold-copper-silver project. Major shareholders of Calibre include gold producer B2Gold Corp.
Calibre Mining Corp.
Greg Smith, P.Geo., President and 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.
Calibre Mining Corp.
Dec. 8, 2016 06:30 AM EST Reads: 1,113
Dec. 8, 2016 06:15 AM EST Reads: 5,909
Dec. 8, 2016 05:00 AM EST Reads: 2,159
Dec. 8, 2016 04:30 AM EST Reads: 732
Dec. 8, 2016 04:15 AM EST Reads: 946
Dec. 8, 2016 04:00 AM EST Reads: 3,798
Dec. 8, 2016 04:00 AM EST Reads: 1,045
Dec. 8, 2016 04:00 AM EST Reads: 4,815
Dec. 8, 2016 02:45 AM EST Reads: 1,299
Dec. 8, 2016 02:30 AM EST Reads: 1,120
Dec. 8, 2016 01:45 AM EST Reads: 1,410
Dec. 8, 2016 01:30 AM EST Reads: 1,926
Dec. 8, 2016 01:00 AM EST Reads: 3,957
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 8, 2016 12:30 AM EST Reads: 1,136
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 8, 2016 12:15 AM EST Reads: 1,363