VANCOUVER, Nov. 12, 2013 /CNW/ - Tanzania Minerals Corp. (TSXV: TZM)
(the "Company") announces that subject to regulatory approval, the Company intends to
extend the expiry date of 8,182,000 share purchase warrants expiring
December 7, 2013 (the "Warrants"), for two additional years to December 7, 2015 and to amend the
exercise price of these warrants to be 0.35 per share from $0.75.
The Warrants were originally issued to subscribers pursuant to a private
placement which closed on December 7, 2010. The Warrants originally
provided for each Warrant to be exercisable into a common share of the
Company at a price of $0.75 for a period of two years. Since then, the
expiry date of these warrants was extended once to December 7, 2013.
Pursuant to the policies of the TSX Venture Exchange, in the event that
the closing price of the Company's listed shares exceeds $0.47 for 10
consecutive trading days, the exercise period will be reduced to 37
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Directors of Tanzania Minerals Corp.
Kal Matharu, President & CEO
This news release includes forward-looking statements that are subject
to risks and uncertainties. All statements within, other than
statements of historical fact, are to be considered forward looking.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market
prices, exploitation and exploration successes, continued availability
of capital and financing, and general economic, market or business
conditions. There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any obligation to
update any forward-looking statements unless otherwise required by the
SOURCE: Tanzania Minerals Corp
For further information:
For further information contact one of the following at Tanzania Minerals Corp:
President & CEO
Tel: (204) 942-3191
Fax: (204) 944-0513
Vice President Business Development
Tel: (604) 569-0866
Fax: (604) 683-2484