Cordoba Minerals applies to extend term of warrants

cordoba, V.CDB

Cordoba Minerals Inc., (TSX VENTURE:V.CDB)and its joint-venture partner, High Power Exploration Inc. (“HPX”), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland’s Ivanhoe Industries, LLC, that it has made an application to the TSX Venture Exchange to extend the term of its 15,000,000 existing share purchase warrants (the “Warrants”) that would otherwise expire on February 7, 2017. Each Warrant is currently exercisable at C$1.50 until February 7, 2017, subject to acceleration in the event that the closing price of the common shares of Cordoba exceeds C$2.50 for 20 consecutive trading days. Cordoba has made an application to extend the term of the Warrants to March 31, 2017, subject to the Acceleration Provisions. The exercise price for the Warrants will remain the same.read more

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