CALGARY, June 30 /CNW/ - Ecometals Limited (TSXV:EML) (Frankfurt/
Berlin:GDQ) is proposing to extend the terms of warrants to purchase an
aggregate of 11,000,000 common shares of Ecometals Limited, which were issued
to subscribers pursuant to a private placement of 22,000,000 Units completed
on July 10, 2007 (see press release dated July 10, 2007).
The original expiry date for the warrants was July 10, 2008. Subject to
TSX Venture Exchange approval, the warrants will now expire on July 10, 2009.
All other terms and conditions of such warrants remain unchanged, including
the exercise price of CDN $0.75 per common share.
ON BEHALF OF THE BOARD
"Mark L. Kesselman", Chief Financial Officer, Secretary
Ecometals Limited is a Canadian-listed mineral exploration and
development company focused on mineral resources in Latin America. Ecometals
also holds 44.4% of Atomaer Holdings Pty Ltd., a private Australian holding
Cautionary Statement Regarding Forward-Looking Statements
Statements contained in this release that do not express historical facts
are forward-looking statements. Such forward-looking statements involve risk
and uncertainties that could cause actual results to differ materially from
those expressed in them. These include risks relating to changes in economic
or environmental conditions and the company's ability to execute its business
model and strategic plans. The company relies on litigation protection for
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Investors: Mark Kesselman, Chief Financial
Officer, Ecometals Limited, firstname.lastname@example.org