GoldTrain Resources Inc.

June 12, 2009 15:25 ET

GoldTrain Extends Class A Warrant Expiry Date to June 26, 2009

TORONTO, ONTARIO--(Marketwire - June 12, 2009) - GoldTrain Resources Inc. ("GoldTrain") is pleased to announce that its Board of Directors has approved a two-week extension of the expiry date for its Class A warrants to 4:30 p.m. (Toronto time) on Friday, June 26, 2009. Each Class A warrant entitles the holder to purchase one common share of GoldTrain for $0.12 if exercised on or before the expiry date. The warrants also contain an over-subscription privilege entitling warrantholders to purchase additional GoldTrain shares on the expiry date at the same price if they exercise all of their warrants and other warrantholders do not. GoldTrain will pay a solicitation fee to securities dealers, brokers and others permitted under applicable securities laws to receive compensation for assisting their customers and clients in exercising warrants; the solicitation fee is equal to 6% of the amounts so subscribed.

"We have received many requests from shareholders and from intermediaries for an extension. Some shareholders have just received their certificates and some intermediaries have asked for more time to allow for the warrants to be distributed through to brokers and communicated to shareholders, and still give shareholders an opportunity to exercise their warrants. We are pleased with the level of interest shown and, to be fair to all our shareholders, we are extending the warrant expiry date to June 26, 2009", said Brian Wright, President of GoldTrain.

Contact Information

  • GoldTrain Resources Inc.
    Donald A. Sheldon
    Mail: #1801-180 Dundas Street West
    Toronto, Ontario M5G 1Z8