LONDON, ONTARIO - Jan. 22, 2016 - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has modified the expiry times of certain outstanding warrants of the Company and has recently received $25,000 toward a non-brokered private placement financing.
The Company has modified the expiry times of certain outstanding warrants of the Company held by arm's length parties as follows:
a. 2,800,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on January 24, 2016 are now exercisable until 5:00 pm on September 12, 2016;
b. 1,400,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on February 8, 2016 are now exercisable until 5:00 pm on February 8, 2017;
c. 2,000,000 warrants exercisable at a price of CDN$0.20 until 5:00 pm on February 20, 2016 are now exercisable until 5:00 pm on February 20, 2018.
The Company has received $25,000 toward a non-brokered private placement financing, which will consist of units priced at $0.05 per unit. Each unit consists of one common share and one warrant to purchase an additional common share for three years at $0.10.
Montana Gold Mining Company Inc. is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: MGM). There are 48,214,765 common shares issued and outstanding in the capital of the Company.
The Company owns a 100% interest in two gold exploration projects located in the US states of Nevada and Montana. Technical reports prepared pursuant to NI 43-101 have been filed with the Company's information on SEDAR at www.sedar.com. Further information is also available at www.montanagoldmining.com or www.Facebook/montanagoldmining.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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LONDON, ONTARIO - Jan. 22, 2016 - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has modified the expiry times of certain outstanding warrants of the Company and has recently received $25,000 toward a non-brokered private placement financing.
