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TORONTO, ONTARIO--(Marketwire - Dec. 13, 2012) - Razore Rock Resources Inc. ("Razore" or the "Company") (CNSX:RZR) wishes to announce that it is extending the exercise dates of 3,709,999 warrants currently exercisable between December 31, 2012 and February 11, 2013 at $0.10 per share. The warrants were issued pursuant to a private placement financing which closed in tranches between December 31, 2010 and February 11, 2011 as well as a debt settlement that closed on January 25, 2011. The warrants' expiry dates will be extended for one (1) year from their existing expiry dates (which dates were previously extended as announced on January 16, 2012). There has been no change to the warrants' exercise price of $0.10. All warrants extended remain subject to the following acceleration provision: in the event that the closing price of the Company's Common Shares is at least $0.20 for twenty (20) consecutive trading days (the "Final Trading Day"), the warrants will expire thirty (30) days from the Final Trading Day. |
