SOURCE: California Nanotechnologies Inc.

California Nanotechnologies Inc.

March 23, 2015 14:42 ET

California Nanotechnologies Applies for Extension to Term of Warrants

CERRITOS, CA--(Marketwired - March 23, 2015) - California Nanotechnologies Corp. (TSX VENTURE: CNO) (the "Company") announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 2,645,148 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on April 8, 2014. The Warrants that are the subject of the application have an exercise price of $0.225 per common share and are set to expire on April 8, 2015. Insiders of the Company hold approximately 56% of these Warrants. The Company has applied for consent to extend the term of the Warrants from 12 months to 18 months from the date of original issuance of the Warrants in accordance with Exchange policies.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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