Freiverkehrsmarkt, Frankfurt: 3NVN
Germany: WKN A1JVHM/
RICHMOND, BC, Sept. 19, 2016 /CNW/ - Nass Valley Gateway Ltd. (the "Company or "Nass Valley") wishes to announce that, in accordance to the Company's market conditions, its Board of Directors (the "Board") has approved amendments to 3,500,000 share purchase warrants ("Warrants") issued as part of the private placement announced on July 7, 2015. Under the new terms, each Warrant entitles the holder to purchase one (1) common share in the capital of the Company at $0.11 for a period of five (5) years from the date of issuance. The amendments are conditional on the consent of the Warrant holders.
The Company requested and was granted relief from CSE Policy 6, section 7.4.6, which limits the number of repriced warrants held by insiders to 10%.
THE COMPANY SEEKS SAFE HARBOR.
The CSE 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: 604-278-1132