Warrant Re-Pricing and Cancels Stock Options
Suite 200-551 Howe St Vancouver, B.C. V6C 2C2 Tel : 819 874-0030 Fax : 819 825-1199 _________________________________________________________________________________________
Trading Symbol: WRR
NEWS RELEASE
WALKER APPLIES TO THE TSX VENTURE EXCHANGE FOR WARRANT RE-PRICING AND CANCELS STOCK OPTIONS
Vancouver, B.C. May 14, 2014 - Walker River Resources Corp. (“Company”) (TSX-V: “WRR”) proposes to amend and re-price an aggregate of 17,591,666 warrants (the “Warrants”) and cancel 2,838,750 stock options.
The Company proposes to reduce the exercise price of the following warrants, 15,000,000 warrants from $0.10 per share to $0.05 per share, exercisable until August 23, 2018, 1,730,000 warrants from $0.15 per share to $0.05 per share, exercisable until February 25, 2015, 861,666 warrants from $0.25 per share to $0.05 per share, exercisable until February 25, 2015, all of the amended warrants are subject to TSX Venture Exchange (the “Exchange”) acceptance.
In accordance with Exchange policy, the exercise period of the re-priced warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the warrants the closing price of the Company’s listed shares exceeds $0.0625.
The Company is also cancelling 888,750 stock options originally granted on March 20, 2012, exercisable at a price of $0.15, 450,000 stock options originally granted on March 14, 2013, exercisable at a price of $0.14, 1,500,000 stock options originally granted on September 3, 2013, exercisable at a price of $0.15. The above stock options were granted to certain officers, directors and consultants, subject to the terms of the company's stock option plan and regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michel David”
Michel David, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Walker River Resources Corp.
Tel : 819 874-0030 Fax : 819 825-1199 Email: [email protected] Website: www.wrrgold.com
Neither TSX Venture Exchange Nor Its Regulation Service Provider (As That Term Is Defined In The Policies Of The TSX Venture Exchange) Accepts Responsibility For The Adequacy Or Accuracy Of This News Release.