Landen Capital Corp.

April 20, 2010 10:07 ET

Landen Capital Notifies Warrant Holders of Accelerated Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2010) - Landen Capital Corp. (the "Company") (TSX VENTURE:LAN) announces it will accelerate the expiry date (the "Expiry Date") of the 8,620,000 warrants and 691,500 finder's warrants (collectively the "Warrants") issued in conjunction with its private placement which closed on November 17, 2009. Pursuant to the terms of the Warrants, the Expiry Date may be accelerated, at the sole option of the Company, to 21 business days following the date on which the Company gives notice to the Warrant holders that its common shares have closed for 20 consecutive trading days at a price of CAN$0.30 or greater.

The Company's shares have traded at a closing price of CAN$0.30 or more per share for the period beginning March 22, 2010 and ending 20 consecutive trading days thereafter, namely April 19, 2010. Accordingly, the Expiry Date for the Warrants will be May 26, 2010.

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.

Contact Information

  • Landen Capital Corp.
    Dr. Marc-Antoine Audet
    President and CEO
    (514) 726 4158