Full Metal Zinc Announces Warrant Price Amendment and Term Extension
FOR IMMEDIATE RELEASE July 8, 2013 (FZ 2013 – NR #1)
Full Metal Zinc Announces Warrant Price Amendment and Term Extension
Vancouver, BC – July 8, 2013 Full Metal Zinc Ltd. (FZ-TSX:V) announces that the July 8, 2011 warrants, pursuant to a private placement of 8,800,000 shares with 4,400,000 share purchase warrants attached, with an original expiry date of July 8, 2013 and an original exercise price of $0.35 will be extended and re-priced. The new expiry date of the warrants is July 8, 2015 and the new exercise price of the warrants is $0.15.
A forced exercise provision on the warrants has been added. If the closing price for the Company’s shares is $0.20 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.
ON BEHALF OF THE BOARD OF DIRECTORS
“Michael Williams”
Michael Williams Chairman 604-484-7855
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.