/NOT TO BE DISTRIBUTED OR DISSEMINATED IN THE UNITED STATES/
South American Gold and Copper Company Limited Announces the
Extension of its Outstanding Warrants Issued on September 9, 2008.
TORONTO, Aug. 25 /CNW/ - South American Gold and Copper Company Limited
("SAGC" or the "Company") (TSX-SAG) announces the extension of the term
of the Company's 8,137,911 outstanding common share purchase warrants
(each, a "Warrant") issued to arm's length parties by the Company in
conjunction with a private placement of 38,275,822 units (each, a "Unit)
of the Company completed on September 9, 2008. Each Unit was comprised
of one common share (each, a "Common Share") of the Company and one half
of one Warrant. Such Warrants are exercisable at a price of $0.07 per
share and are currently due to expire at 5:00 p.m. (Toronto time) on
September 9, 2010 (the "Expiry Time").
No insider of the Company is a holder of the Warrants. The Warrants have
been amended, effective immediately prior to the Expiry Time, to extend
the Expiry Time until 5:00 pm (Toronto time) on September 9, 2011. There
is no public market for the Warrants. All other provisions of the
Warrants remain unamended. The Toronto Stock Exchange (TSX) has approved
the amendment subject to receipt by the TSX of standard documentation.
The Company has 841,177,633 common shares issued and outstanding.
South American Gold and Copper Company Limited is a minerals producing,
exploration and development company with properties and activities
currently focused in Chile.
SOURCE Cerro Grande Mining Corporation
For further information: For further information:
|Registered Office: |
79 Wellington Street West, Suite 2300
Toronto, Ontario M5K 1H1
|Santiago Office: |
La Concepcion 266, Of. 704
Providencia, Santiago, Chile
| || |
|Toronto Office: |
67 Yonge Street, Of. 1201
Toronto, Ontario M5J 1J8
Telephone : 416-369-9359
|For further information, contact:|
Stephen W. Houghton, CEO
Telephone : 56-2-264-2295