Deutsche Borse, Frankfurt: 3NVN
Germany: WKN A1JVHM/
VANCOUVER, May 31, 2013 /CNW/ - Nass Valley Gateway Ltd. wishes to announce an amendment to the exercise conditions of its outstanding share purchase warrants (the "Warrants"). The company has presently 1,333,333 Warrants outstanding with an exercise price of $0.22 per Warrant, issued on June 07, 2010, which would expire on June 07, 2013, as well as 12,000,000 Warrants, issued on May 01, 2012 with an exercise date of two years and an exercise price of $0.10 per Warrant.
Due to the present difficult economic conditions which stalled the sales of the Company's technology systems and in order to bring the exercise terms more in line with the current market conditions, the Board of Directors has recommended, and received conditional approval from the Canadian National Stock Exchange, to amend the exercise price for all outstanding Warrants consistently to $0.10 per Warrant including their exercise period of five years from the approved issuance date the relevant Warrant class .
The Directors believe that this Warrant amendment will provide the investors with a fair opportunity of option and the Company with increased flexibility to seek additional financing opportunities to further develop its technology projects.
ABOUT NASS VALLEY GATEWAY LTD.
Since 2011, Nass Valley is focused on developing, marketing and establishing environmentally responsible Energy Converting and Waste Disposal Technology, through its subsidiary, Global Environomic Systems Corp. ("GSC"). Nass Valley progressed in 2012 on specific multiwave technology applications through its ed subsidiary, M-Wave EnviroTech Inc. which has installed North America's first demonstration and production unit in British Columbia, Canada. Nass Valley views both of its environmentally responsible technologies as State Of The Art Systems.
Nass Valley Gateway and its subsidiaries are devoted to building value for their shareholders and employees, contributing to the improvement of the communities in which they operate through employment creation, and implementing sustainable practices designed to preserve and enhance our environment.
The CNSX has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
SOURCE: Nass Valley Gateway Ltd.
For further information:
Dieter Peter, President & CEO, Phone: 604-630-6803