Vancouver, BC — August 18, 2016, Corex Gold Corp. ("Corex" or the "Company) proposes to extend the expiry dates of 7,750,000 outstanding share purchase warrants (the "Warrants") that were issued pursuant to a private placement completed in September 2014. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.15 per share for a period of 24 months from the date of issuance which expires on September 4, 2016. Subject to TSX Venture Exchange approval, the expiration of these Warrants will be extended to March 6, 2017. All other terms of the Warrants will remain the same. Under the policies of the Exchange 70,000 additional Warrants issued as finder fees are not eligible to be extended.
About Corex Gold Corp
Corex Gold Corp is a Canadian resource company focused on the near-term production*, of its 100% owned flagship property, Santana Project, Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas State, Mexico.
ON BEHALF OF THE BOARD
"Craig D. Schneider"
President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Craig Schneider,
President & CEO
Tel: 604.683.2505
Fax: 604.683-2506
E-mail: [email protected]
Website: www.corexgold.com
Cautionary Statement:
*The Company is not basing its production decision (if any), on a feasibility study of mineral reserves demonstrating economic viability and technical feasibility. As a result there is increased uncertainty and a greater risk of economic and technical failure associated with its production decision.
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 accuracy of this release." The foregoing information may contain forward-looking statements relating to the future performance of Corex Gold Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Corex Gold Corp.'s filings with the appropriate securities commissions.
Original Article: http://www.corexgold.com/s/NewsReleases.asp?ReportID=760886http://www.corexgold.com/s/NewsReleases.asp?ReportID=760886
