15:15:29 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Mountainstar Gold Inc
Symbol MSX
Shares Issued 60,415,928
Close 2014-09-05 C$ 0.06
Market Cap C$ 3,624,956
Recent Sedar Documents

Mountainstar Gold extends warrant expiry by one year

2014-10-22 19:52 ET - News Release

Mr. Brent Johnson reports

AMENDMENT OF CERTAIN OUTSTANDING WARRANTS

Mountainstar Gold Inc. has amended the terms of certain outstanding share purchase warrants.

On Oct. 23, 2012, Mountainstar closed the first tranche of a private placement initially announced on Oct. 16, 2012, and issued 429,000 units at the price of 25 cents per unit to various private placees. Each unit issued to the private placees comprised one share and one share purchase warrant. The exercise price of the share purchase warrants issued to the private placees was 52 cents per share for a period of two years ending Oct. 23, 2014. Thus, the current exercise price of those warrants is 52 cents. The closing trading price on Oct. 23, 2012, being the date of the closing of the first tranche of the private placement, was 20 cents, and the trading price on the trading day immediately prior to the closing of the first tranche of the private placement -- that is, Oct. 22, 2012 -- was 24 cents. The last closing price prior to the date of this news release was six cents, which was the closing price on Sept. 9, 2014.

The first tranche of the private placement, which closed on Oct. 23, 2012, did not involve any insiders.

The term of all the warrants issued to the private placees in the first tranche has been extended one year, with the result that the warrants described above in the first tranche and issued to the private placees will now expire on Oct. 23, 2015. For further certainty, the exercise price of the warrants has not been reduced.

All other terms of the above-described share purchase warrants remain unaltered.

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