TORONTO, April 30, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM): Sunset Cove Mining Inc. is pleased to announce that it has received approval from the TSX Venture Exchange to extend the term of 10,267,550 outstanding share purchase warrants.
7,160,000 warrants with an original expiry date of April 20, 26, and 27, 2012 have a new expiry date of October 1, 2012. The exercise price remains unchanged at $0.15.
1,025,050 warrants with and original expiry date of May 20, 2012 have a new expiry date of October 1, 2012. The exercise price remains unchanged at $0.15.
2,082,500 warrants with an original expiry date of June 3, 2012 have a new expiry date October 1, 2012. The exercise price for these warrants remains unchanged at $0.25.
These warrants were issued pursuant to an exchange of securities and a private placement conducted as part of the qualifying transaction effective December 10, 2010.
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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