Deutsche Borse, Frankfurt: 3NVN
Germany: WKN A1JVHM/
VANCOUVER, May 31, 2013 /CNW/ - Nass Valley Gateway Ltd. wishes to
announce an amendment to the exercise conditions of its outstanding
share purchase warrants (the "Warrants"). The company has presently
1,333,333 Warrants outstanding with an exercise price of $0.22 per
Warrant, issued on June 07, 2010, which would expire on June 07, 2013,
as well as 12,000,000 Warrants, issued on May 01, 2012 with an exercise
date of two years and an exercise price of $0.10 per Warrant.
Due to the present difficult economic conditions which stalled the sales
of the Company's technology systems and in order to bring the exercise
terms more in line with the current market conditions, the Board of
Directors has recommended, and received conditional approval from the
Canadian National Stock Exchange, to amend the exercise price for all
outstanding Warrants consistently to $0.10 per Warrant including their
exercise period of five years from the approved issuance date the
relevant Warrant class .
The Directors believe that this Warrant amendment will provide the
investors with a fair opportunity of option and the Company with
increased flexibility to seek additional financing opportunities to
further develop its technology projects.
ABOUT NASS VALLEY GATEWAY LTD.
Since 2011, Nass Valley is focused on developing, marketing and
establishing environmentally responsible Energy Converting and Waste
Disposal Technology, through its subsidiary, Global Environomic Systems
Corp. ("GSC"). Nass Valley progressed in 2012 on specific multiwave
technology applications through its ed subsidiary, M-Wave EnviroTech
Inc. which has installed North America's first demonstration and
production unit in British Columbia, Canada. Nass Valley views both of
its environmentally responsible technologies as State Of The Art
Nass Valley Gateway and its subsidiaries are devoted to building value
for their shareholders and employees, contributing to the improvement
of the communities in which they operate through employment creation,
and implementing sustainable practices designed to preserve and enhance
The CNSX has not reviewed, and does not accept responsibility for the
adequacy or accuracy of the contents of this news release.
SOURCE: Nass Valley Gateway Ltd.
For further information:
Dieter Peter, President & CEO, Phone: 604-630-6803