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CALGARY, ALBERTA--(Marketwire - July 27, 2012) - Gallic Energy Ltd. (the "Corporation") (TSX VENTURE:GLC) announces that it has applied to the TSX Venture Exchange ("TSXV") for an extension of the expiry date of certain of its outstanding common share purchase warrants (the "Warrants"). The application seeks TSXV approval of the extension of the expiry date of (a) the 5,800,000 Warrants issued on August 6, 2010 and having an exercise price of $0.10 per Warrant to August 30, 2013; and (b) the 36,600,000 Warrants issued on September 20, 2010 and having an exercise price of $0.10 per Warrant to August 30, 2013. For further information on the original issuance of the Warrants, please refer to the press releases of the Corporation dated August 6, 2010 and September 20, 2010 filed on SEDAR. |