TORONTO, April 19, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM): Sunset Cove Mining Inc. announced today that it intends to extend for a period of six months the term of up to 8,580,000 outstanding share purchase warrants, which are due to expire on April 20, 26, 27, May 20, and June 3, 2012. Sunset Cove wishes to extend the expiry date of these warrants to October 1, 2012.
The exercise price of the warrants due to expire in April and May 2012 will remain unchanged at $0.15. The exercise price of the warrants due to expire on June 3, 2012 will remain unchanged at $0.25.
Lorne Woods stated that: "given the current market conditions, it is unlikely that these warrants can be exercised now; an extension would be beneficial to shareholders seeing as that the work currently conducted by the Company is promising."
The warrant extension is subject to the acceptance of the TSX Venture Exchange.
About Sunset Cove
Sunset Cove Mining Inc. is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of precious metals and copper properties in proven Latin American locations to the point where they become attractive joint venture or acquisition targets. Sunset Cove is in Peru now, because now is the time to be in Peru, and has a wholly owned Peruvian subsidiary,
Minera Sunset Del Peru S.A.C based in Lima, and is building a Peruvian mining portfolio in precious metals and copper.
Some of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.
"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 accuracy of this release."
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