Galore Proposes to Extend Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2013) - Galore Resources Inc. (TSX VENTURE:GRI) (the "Company") proposes to extend by a further six (6) months, the expiry date of the following share purchase warrants ("Warrants"):
-- Warrants to purchase up to 1,164,136 common shares exercisable at a
price of $0.33 per share, issued in connection with a non-brokered
private placement completed October 27, 2009;
-- Warrants to purchase up to 7,506,667 common shares exercisable at a
price of $0.25 per share, issued in connection with a non-brokered
private placement completed March 15, 2010; and
-- Warrants to purchase up to 10,250,000 common shares exercisable at a
price of $0.30 per share, issued in connection with a non-brokered
private placement completed September 20, 2010.
If accepted by the TSX Venture Exchange (the "Exchange"), the Company will extend the expiry date of the 1,164,136 Warrants from April 26, 2013 to October 25, 2013, the 7,506,667 Warrants from March 15, 2013 to September 14, 2013, and the 10,250,000 Warrants from March 20, 2013 to September 20, 2013 (collectively the "Extended Expiry Dates"). All exercise prices of the Warrants will remain the same.
The application to amend the Warrants is subject to the Exchange's acceptance, and the Company makes no assurances that the required acceptance for the extension of the terms of the Warrants will be granted.
Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits in Mexico and British Columbia.
Galore Resources Inc.
Michael McMillan, Chairman, CEO and Director
Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company.
FOR FURTHER INFORMATION PLEASE CONTACT:
Galore Resources Inc.
(604) 647-2298 or Toll Free: 1 (877) 647-2298
(604) 648-8894 (FAX)