Aurora Platinum Corp.: Application Made to Extend Term of and Reprice Warrants.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--July 22, 2003 Aurora Platinum Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ARP) announced today that it has made application to the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. to extend the term of the Company's Series E and F Share Purchase Warrants for one additional year and to reduce to $2.50 the exercise price of the Series E and F Warrants. If accepted by the Exchange, holders of the: (i) 1,533,700 Series E Share Purchase Warrants and 224,390 Series E Agents' Warrants will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to purchase one share before August 6, 2004 at the reduced price of $2.50 per share; and (ii) 115,000 Series F Warrants will be entitled to purchase one share before September 2, 2004 at the reduced price of $2.50 per share. The exercise term of the repriced warrants may be shortened to a period of 30 days in certain circumstances pursuant to Exchange policies. The application to reprice the warrants is also subject to warrantholder approval, and the Company makes no assurances that the required approval and consent for the repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing or extension of the term of the warrants will be granted. Aurora Platinum Corp. is actively exploring for nickel-copper-PGM deposits in Ontario and Quebec. The Company has an option/joint venture with Falconbridge Limited in the Sudbury District (Foy and Footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. properties) and option/joint ventures with Inco Limited including the AEM AEM Applied and Environmental Microbiology (journal) AEM Association of Equipment Manufacturers AEM Academic Emergency Medicine (journal) AEM Agnico-Eagle Mines Limited AEM Advanced Engine Management Project in northwestern Ontario Northwestern Ontario is the region within the Canadian province of Ontario which lies north and west of Lake Superior, and west of Hudson Bay and James Bay. It includes most of subarctic Ontario. and the AEM Abitibi Project in eastern Ontario/western Quebec and the Nickel Lake Project in the Sudbury District. Aurora is also aggressively exploring a number of 100%-owned properties in northwestern Ontario and in Quebec. Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion