Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

September 24, 2010 14:53 ET

Sparton Proposes to Extend Expiry Date of Series G Warrants

TORONTO, ONTARIO--(Marketwire - Sept. 24, 2010) -  

NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWS WIRE SERVICES

Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company"), announced today that it proposes to extend the expiry date of the Company's currently outstanding Series G Warrants. 

In connection with a private placement completed in two tranches in October, 2009, the Company issued an aggregate of 8,116,667 Series G Warrants, of which 6,350,000 Warrants have an expiry date of October 5, 2010 and 1,766,667 have an expiry date of October 18, 2010. Each Series G Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 until the expiry date. No Series G Warrants have been exercised to date.

The Company is proposing to extend the expiry date of all Series G Warrants to April 5, 2011. The exercise price of $0.15 would remain unchanged. The extension of the expiry date is conditional upon acceptance by the TSX Venture Exchange.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

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.

Contact Information

  • Sparton Resources Inc.
    A. Lee Barker
    President and CEO
    416-366-3551 or Mobile: 416-716-5762
    416-366-7421 (FAX)
    info@spartonres.ca
    or
    Sparton Resources Inc.
    Edward G. Thompson
    Chairman
    int'l +1 416 366 6083
    +1 416 366 2713 (FAX)
    egt@interlog.com
    www.spartonres.ca