Euro Sun Announces Extension of Outstanding Warrants
Euro Sun Announces Extension of Outstanding Warrants
TORONTO, Oct. 22, 2018 -- Euro Sun Mining Inc. (TSX:ESM) (“Euro Sun” or the “Company”) announces that it has received
approval from the Toronto Stock Exchange (the “TSX”) to extend the expiry date of the 3,932,425 outstanding common share
purchase warrants (“Warrants”) that were originally issued by the Company on May 19, 2016. Each Warrant is currently
exercisable to acquire one common share of the Company (a “Common Share”) at a price of $2.18 per Common Share until
November 19, 2018; provided that, in the event that the trading price of the Common Shares on the TSX exceeds $2.72 for a
period of 20 consecutive trading days, the Company has the right (but not the obligation) to accelerate the expiry date of the
Warrants to a date which is not less than 30 days after the date on which the Company gives notice of such accelerated
expiry date to the holders of the Warrants.
Effective November 5, 2018, the expiry date of the Warrants will be extended by six months to May 19, 2019, subject to the
accelerated expiry noted above. None of the Warrants are held by insiders of the Company.
About Euro Sun Mining Inc.
Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned
Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in
Europe.
Further information:
Investor Relations at [email protected] or +1 416.309.4299.
Caution regarding forward-looking information: This press release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward-looking information, including risks
inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile
of the Company on SEDAR at www.sedar.com and on the Company's website at www.eurosunmining.com. Although the
Company has attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any forward-looking information, except in accordance with applicable
securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this news release.