Mr. Brian Bosse reports
ZENYATTA ANNOUNCES APPLICATION FOR EXTENSION TO EXPIRY DATES OF WARRANTS
Zenyatta Ventures Ltd. will apply to the TSX Venture Exchange for approval to extend the expiry date of 845,000 common share purchase warrants.
On Aug. 11, 2015, Zenyatta Ventures completed a private placement issuing 1.69 million units at a price of $1.25 per unit. Each unit consisted of one common share in the capital stock of Zenyatta Ventures and one-half of one purchase warrant, with each whole warrant exercisable into one common share at an exercise price of $1.65 per common share until Aug. 11, 2016.
The company received approval from the exchange to extend the warrants for 24 months on July 28, 2016, and the warrants presently have an expiry date of Aug. 11, 2018. Zenyatta Ventures is proposing to extend the expiry date of the warrants by an additional 12 months to Aug. 11, 2019. All other terms and conditions of the warrants will remain the same. The proposed extension of the expiry date is conditional upon the receipt of approval from the exchange.
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