Warrior Gold Makes Application to Extend Warrant Expiry
Warrior Gold Makes Application to Extend Warrant Expiry
TORONTO--(BUSINESS WIRE)--September 23, 2020--Warrior Gold Inc. (TSX-V - WAR)
(“Warrior Gold” or the “Company”) announces that the Company is applying to the TSX
Venture Exchange to extend the expiry date of 5,322,739 outstanding common share purchase
warrants (the "Warrants"), 4,533,239 of which were issued on September 25, 2019 and 789,500
of which were issued on November 20, 2019, in connection with a first tranche closing and a
final tranche closing of a private placement. The original expiry dates were at 5:00 PM
(Vancouver time) on September 25, 2020 with respect to 4,533,239 Warrants and November 20,
2020 with respect to 789,500 Warrants and the Company has requested an extension to March
25, 2021 and May 20, 2021, respectively. The Company does not intend to amend the exercise
price of $0.15.
About Warrior Gold Inc.
Warrior Gold is a TSX Venture Exchange listed Company that owns the Goodfish-Kirana
Property located five km from the town of Kirkland Lake, Ontario. The Property is located in the
historic Kirkland Lake Gold Camp which is situated in the prolific Abitibi Greenstone Belt,
recognized as one of the world’s highest grade greenstone belts with over 200 million ounces of
gold produced to date.
The Goodfish-Kirana Property is 11.5 km long by roughly three km wide (34 km2) and contains
three major structural trends: the east-west trending Kirana Deformation Zone; the northeast
trending Goodfish Deformation Zone; and the Victoria Creek Deformation Zone on the recently
acquired Sutton claims on the northeast side of the property. The Property contains numerous
historical gold showings, as well as 18 historical pits and shafts.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statements: This press release contains forward-looking statements.
Forward-looking statements are frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", “anticipate", "estimate", "may", "will", "would", "potential",
"proposed" and other similar words, or statements that certain events or conditions "may" or
"will" occur. The forward-looking statements are based on certain key expectations and
assumptions made by the Company. Although Warrior Gold believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because Warrior Gold can give no
assurance that they will prove to be correct. Since forward-looking statements address future
events and conditions, by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors and
risks. In addition to other risks that may affect the forward-looking statements in this press
release are those set out in the Company’s Management Discussion and Analysis of the financial
condition and results of operations for the year ended March 31, 2020 and the first quarter
ended June 30, 2020, which are available at www.sedar.com. The forward-looking statements
contained in this press release are made as of the date hereof and Warrior Gold undertakes no
obligation to update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise, unless so required by applicable
securities laws.
Contacts
For additional information please contact:
Danièle Spethmann, P.Geo.
President & CEO
Warrior Gold Inc.
+1 647 344-3433