ST. JOHN'S, NL, Aug. 7, 2012 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" or the "Company") announces that it proposes to extend the term of certain common share purchase warrants in the capital of the Company, which were issued through private placements in 2009 and 2010 (the "Warrants"). The 2009 Warrants were previously extended in 2011 for one year.
Each Warrant shall remain exercisable at $0.10 per share but the term shall be extended for an additional 12 months, as follows:
(a)
14,000,000 Warrants shall be amended to expire July 30, 2013;
(b)
5,750,000 Warrants shall be amended to expire August 23, 2013;
(c)
1,250,000 Warrants shall be amended to expire September 7, 2013;
(d)
10,500,000 Warrants shall be amended to expire October 13, 2013;
(e)
11,500,000 Warrants shall be amended to expire October 29, 2013; and
(f)
8,000,000 Warrants shall be amended to expire November 12, 2013.
The application to amend the Warrants is subject to its acceptance by the TSX Venture Exchange and the Company makes no assurances that the required acceptance for the extension of the term of the Warrants will be accepted.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS PRESS RELEASE.
This release includes certain forward looking statements which reflect beliefs, expectations, objectives and goals which are believed to be reasonable at the time such statements are made. Actual results could differ materially from anticipated results and may be impacted upon such factors as commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation.
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