VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2012) - Suparna Gold Corp. ("Suparna" or the "Company") (TSX VENTURE:SUG) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the "Exchange"), Wayne Tisdale has been appointed to the board of directors of the Company. Mr. Tisdale has 35 years of experience in resource financing, exploration and development. He runs his own merchant banking company and sits on the board of directors of a number of private and public companies including Declan Resources Inc., a mining issuer listed on the Exchange. The board of directors of Suparna is now comprised of Michelle Gahagan, Craig Dalziel, James Newall, Garry Clark and Wayne Tisdale.
The Company also announces that the Exchange has consented to the re-pricing and to an extension on the term of 16,666,667 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed on June 30, 2011. The Warrants had an exercise price of $0.50 per common share and were set to expire on June 30, 2012. The Company has received consent from the Exchange to reduce the exercise price from $0.50 to $0.40 per common share and to extend the expiry date of the Warrants to June 30, 2013 in accordance with Exchange policies.
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.