VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the Company") announces that it has, subject to regulatory approval, amended the expiry date of an aggregate total of 7,521,049 unexercised share purchase warrants by a further 12 months.
Pursuant to the non-brokered unit private placement that closed in two tranches with an initial tranche closing on July 3, 2014, for a total of 5,521,049 warrants being issued expiring July 3, 2016 and the final tranche closing on July 11, 2014, for a total of 2,000,000 warrants being issued expiring on July 11, 2016, all of which currently remain outstanding. The expiry date will be extended to July 3 and July 11, 2017 for the respective tranches. The terms of the warrants will remain unchanged, including exercise price per warrant remaining at $0.50.
About Northern Vertex
Northern Vertex Mining Corp. is a Canadian exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project that has been advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. The Company's management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX
"J.R.H. (Dick) Whittington", President & CEO
Neither 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.
Forward-Looking Statements: This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
2016 number 11