Mr. James Passin reports
VANOIL EXTENDS EXPIRY DATE OF WARRANTS
Vanoil Energy Ltd. will make an application to the TSX Venture Exchange to extend the expiry date of the following issued and outstanding share purchase warrants: (i) 4,025,818 warrants expiring Aug. 2, 2014; (ii) 4,291,666 warrants expiring Aug. 10, 2014; and (iii) 56,423 warrants expiring Aug. 21, 2014.
The warrants were originally issued pursuant to a private placement of 60-cent units that closed in three tranches on Aug. 2, 10 and 14, 2012. Each warrant is exercisable into a common share at a price of $1 for a period of two years after the respective closing. Subject to regulatory approval, all of the warrants will be extended to Aug. 2, 2017. There will be no change in the exercise price.
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