Highway 50 GOLD Seeks to Extend Terms of Previously Issued Warrants
NEWS RELEASE
HIGHWAY 50 GOLD SEEKS TO EXTEND TERMS OF PREVIOUSLY ISSUED WARRANTS
Vancouver, British Columbia – Highway 50 Gold Corp. (TSX.V – HWY)
April 18, 2019
Highway 50 Gold Corp. (“Highway 50” or the “Company”) announces that the Company proposes to extend
the terms of outstanding common share purchase warrants as follows:
• 1,000,000 common share purchase warrants (the “May 10th Warrants”) issued pursuant to a non-brokered
private placement which closed on May 10, 2017. The May 10th Warrants are exercisable into common
shares of the Company at an exercise price of $0.60 per common share and were previously extended to
expire on May 10, 2019. The Company will seek acceptance from the TSX Venture Exchange (the
“Exchange”) to further extend the term of the May 10th Warrants for an additional year to May 10, 2020.
The exercise period of the May 10th Warrants may be accelerated at the option of the Company if the
closing price of the Company’s common shares on the Exchange, or such other stock exchange where the
majority of trading volume occurs, equals or exceeds $1.00 over a period of 10 consecutive trading days.
• 600,000 common share purchase warrants (the May 4th Warrants”) issued pursuant to a non-brokered
private placement which closed on May 4, 2018. The May 4th Warrants are exercisable into common
shares of the Company at an exercise price of $0.30 until May 4, 2019. The Company will seek acceptance
from the Exchange to extend the term of the May 4th Warrants to May 4, 2020.
The proposed amendments to extend the expiry dates of the May 10th Warrants and the May 4th Warrants are
subject to Exchange acceptance.
On behalf of the Board,
“Gordon P. Leask”
Gordon P. Leask
President, Chief Executive Officer and director
For additional information:
Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.
Tel: 604.681.4462
Email: [email protected] or [email protected]
About Highway 50 Gold Corp.
Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienced explorers and deal-makers.
The Company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge Formation of
southeastern British Columbia. The exploration focus on its projects are a result of what management believes to be
breakthroughs in the understanding of north-central Nevada’s crustal architecture and a new geological understanding on the
Monroe property in British Columbia.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note This news release contains certain forward-looking statements, including statements regarding the
Company’s ability to receive acceptance from the Exchange to the extension of the expiry dates of the May 10th Warrants and
the May 4th Warrants and the business and anticipated financial performance of the Company. These statements are subject
to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking
statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: the
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Company does not receive regulatory acceptance to the extension of the expiry dates of the May 10th Warrants and the May
4th Warrants; changes in metal prices, changes in the availability of funding; unanticipated changes in key management
personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ
martially from those projected in the forward-looking statements. When relying on forward-looking statements to make
decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place
undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking
statements, oral or written, made by itself or on its behalf.