VANCOUVER, Dec. 12, 2014 /CNW/ - Flinders Resources Limited ("Flinders" or the "Company") (TSXV: FDR) announces that the Company will make an application with the TSX Venture Exchange (the "Exchange") to extend the term of 9,570,000 warrants (the "Warrants") by a further one year period. The Warrants were issued in connection with the closing of a private placement financing announced by the Company on February 24, 2012. Each Warrant entitles to holder to purchase one common share of the Company at an exercise price of $0.75 per common share. The original term of the Warrants of two years were previously amended as announced by the Company on January 22, 2014. Upon receipt of approval from the Exchange, the expiry date of the Warrants will change from February 22, 2015 to February 22, 2016. All other terms of the Warrants, including the exercise price, will remain the same.
On behalf of the Board,
Blair Way, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this news release.
SOURCE: Flinders Resources Limited
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