Stakeholder Gold Corp.
TSX VENTURE : SRC

Stakeholder Gold Corp.

March 09, 2012 12:21 ET

Stakeholder Gold Corp.: Announcement

VAL D'OR, QUEBEC--(Marketwire - March 9, 2012) - Stakeholder Gold Corp. ("Stakeholder" or the "Corporation") (TSX VENTURE:SRC) is pleased to announce that, subject to TSX Venture Exchange approval, it has agreed to amend the terms of the following previously issued share purchase warrants:

Number of warrants Issue Date Exercise
price prior
to revision
Revised Exercise price Expiry date prior to revision Revised Expiry Date Acceleration Clause
410,000 August 9, 2011 $0.50 $0.25 August 9, 2012 August 9, 2013 The warrants will be subject to an accelerated expiry

The acceleration clause will be as follow:

"If, for any ten (10) consecutive trading days, the closing price of the common shares of the Corporation is more than $0.33, the Corporation shall notify the warrant holder of its intention to force the exercise of the Warrants. Upon receipt of such notice, the warrant holder shall have 30 days to exercise the warrants, failing which the warrants will automatically expire."

Shares Issued 40,871,641

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

  • Mark Fekete
    President and CEO
    Toll Free: 1-877-874-8182