VANCOUVER, Jan. 31, 2012 /CNW/ - Radius Gold Inc. (TSX-V: RDU) announces
that as a result of the completion of Radius's spin out of assets to
Rackla Metals Inc., the common share purchase warrants of Radius have
been adjusted based on the fair market value of Radius and Rackla at
the time of completion of the spin out.
Accordingly, the exercise price of all common share purchase warrants
outstanding in Radius have been reduced to 73% of the original exercise
Original Exercise Price Per Share
Adjusted Exercise Price Per Share
Radius has been exploring for gold in Latin America for nearly a
decade. It has assembled interests in a portfolio of promising gold
projects throughout the region, including carried stakes in two
small-scale gold mine development projects in Guatemala and Nicaragua,
and a number of 100% owned exploration plays, including the HB property
ON BEHALF OF THE BOARD
Ralph Rushton, President
Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Some of the statements in this news release contain forward-looking
information that involves inherent risk and uncertainty affecting the
business of Radius Gold Inc. Actual results may differ materially from
those currently anticipated in such statement.
SOURCE Radius Gold Inc.
For further information:
For further information on Radius and its properties, please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).