New Carolin Gold Corp. Proposes To Amend Warrant Terms And Amend Exercise Price Of Warrants
Vancouver, British Columbia - New Carolin Gold Corp. (the "Company") (TSX-V: LAD) announces that further to the Company's private placement that closed on October 16, 2012 and subject to regulatory approval, the Company intends to apply to the TSX Venture Exchange (the "TSX-V") to amend the terms of an aggregate of 1,282,500 non-transferable common share purchase warrants (the "Warrants") exercisable to purchase up to 1,282,500 common shares in the capital of the Company. These Warrants are currently set to expire on October 16, 2013. Specifically, the Company will seek approval from the TSX-V to amend the Warrants by extending the term for one year to October 16, 2014 and amending the exercise price of the Warrants from $0.16 to $0.10, subject to applicable TSX-V policies.
Currently, insiders of the Company hold approximately 2% of the Warrants issued pursuant to the October 16, 2012 private placement.
The proposed amendments as set forth above are subject to the approval of the TSX-V.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior mineral exploration and development company engaged in the acquisition, exploration, evaluation and development of 144 sq kms of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southwestern British Columbia, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
For further information please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
Office (855) 294-1411 or (778) 294-3211
Email ceo@newcarolingold.com
Web site www.newcarolingold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.
Not for distribution in the United States.
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Not for distribution in the United States.
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