/NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE U.S./
TORONTO, March 9 /CNW/ - South American Gold and Copper Company Limited
(the "Company") (TSX: SAG) announces the extension of the term of 40,000,000
outstanding common share purchase warrants and 3,585,588 outstanding broker
warrants, both sets of warrants exercisable at $0.04 per share (the
"Warrants"), from March 16, 2007 to November 1, 2007. The Warrants were issued
pursuant to the Company's private placement completed on December 10, 2003. As
disclosed in the Company's press release dated January 15, 2007, the terms of
the Warrants were previously amended to extend the expiry date from
January 19, 2007 to March 16, 2007.
The TSX has approved the amendments subject to receipt by the TSX of
standard documentation. The effective date of the amendments will be five
business days from the date hereof.
No insider of the Company is a holder of any outstanding Warrants.
South American Gold and Copper Company Limited is a minerals producing,
exploration and development company with properties and activities currently
focused in Chile.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of the United
States Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect," "project,"
"intend," "believe," "anticipate", "estimate" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved
in interpreting drilling results and other ecological data, fluctuating metal
prices, the possibility of project cost overruns or unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no obligation
to update forward looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to place
undue reliance on forward-looking statements.
For further information:
For further information: Stephen W. Houghton, President and CEO,
Telephone: (212) 751-0083, Website: www.sagc.com