Mms sedar release28 Nov 2018 14:27
MACARTHUR MINERALS ANNOUNCES PROPOSED EXTENSION OF WARRANT TERM
Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur Minerals”) will be applying to the TSX Venture Exchange for approval to extend the expiry date of 31,712,730 common share purchase warrants that were issued as part of the Rights Offering completed by the Company in December 2018.
The Warrants are exercisable for common shares of Macarthur Minerals at a price of $0.20 per share which were to expire on December 15, 2018.
The Company is proposing to extend the expiry date of the warrants until 4:00 p.m. Eastern Standard Time on December 15, 2019. All other terms and conditions of the warrants, including the exercise price will remain the same. The proposed extension of the expiry is conditional upon the receipt of Exchange approval.
ABOUT MACARTHUR MINERALS LIMITED (TSX-V: MMS)
Macarthur Minerals Limited is an exploration company that is focused on identifying high grade gold, nickel, cobalt and lithium. Macarthur Minerals has significant gold, lithium, nickel, cobalt and iron ore exploration interests in Australia. Macarthur Minerals has three iron ore projects in Western Australia; the Ularring hematite project, the Moonshine magnetite project and the Treppo Grande iron ore project. In addition, Macarthur Minerals has significant lithium brine interests in the Railroad Valley, Nevada, USA.