Golden Reign Raises $186,638 Through Warrant Exercises
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July 18, 2014 NEWS RELEASE - #14-9 TSX- V: GRR
GOLDEN REIGN RAISES $186,638 THROUGH WARRANT EXERCISES
Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) is pleased to announce that it has raised $186,638 through the exercise of 1,244,255 share purchase warrants (the “Warrants”).
The Warrants were recently amended (see news release dated June 20, 2014), extending the expiry date from July 12, 2014 to December 31, 2014 and reducing the original exercise price from $0.80 per share to:
- $0.15 if exercised on or before the original expiry date of July 12, 2014; or
- $0.25 if exercised after July 12, 2014 and on or before December 31, 2014.
Proceeds from the exercise of the Warrants will be utilized for on-going exploration at the Company’s Nicaraguan gold properties and for general working capital.
On behalf of the Board,
“Kim Evans”
Kim Evans, CGA President & CEO
About Golden Reign:
Golden Reign Resources Ltd. is a publicly listed (TSX-V: GRR) mineral exploration company engaged in exploring the San Albino-Murra Property and the El Jicaro Property, both of which are located in Nueva Segovia, Nicaragua.
The Company’s prime objective is to bring its San Albino Gold Deposit into production quickly and efficiently, building cash flow to further advance a number of its other highly prospective exploration targets.
The Company’s land package comprises 13,771 hectares (138 km2) of highly prospective ground. Hundreds of historical mines and workings exist within the Corona de Oro Gold Belt, which is approximately 3 kilometres wide by 20 kilometres long and spans the entirety of the Company’s land package.
For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.
Forward-Looking Statements: Forward-Looking Statements: Certain of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company’s exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management’s best judgment as of the date hereof, based on information currently available.
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.