Nykäsenkankaantie 3B 8, 90650 Oulu, Finland
Nortec Minerals Accelerates the Expiry Date of $0.15 Warrants
Vancouver, B.C., April 26, 2010: Nortec Minerals Corp. (TSX-V: NVT), (FSE: WMQ), (OTC PINK: NMNZF), ("Nortec" or the "Company"), announces that pursuant to the acceleration clause as stated in the warrant certificates, and the closing price of the Company’s stock closing above $0.15 in the last ten trading days, the Company hereby gives notice to all warrant holders holding a total of 5,000,000 warrants to purchase a total of 5,000,000 shares at a price of $0.15 per share issued on May 4, 2009, will now expire on May 26, 2010. The original expiry date of the warrants was November 5, 2010.
The warrants were issued on a non-brokered private placement of 10,000,000 Units consisting of one share at a price of $0.10 per share and one half of a share purchase warrant, whereas one full warrant is required to purchase one additional share at a price of $0.15 per share. The non-brokered private placement was approved by the TSX Venture Exchange on May 4, 2009.
Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has an option to earn from Akkerman Exploration B.V., a 100% interest in the Seinäjoki- Kaatiala Gold-Antimony-Rare Earth-Lithium Property in western Finland. The Kaatiala claim reservation covers a quarry which produced 18 tonnes of beryl, 5 tonnes of columbite and 190,000 tonnes of rare mineral calcium feldspar, according to the information obtained from the Geological Survey of Finland (“GTK”).
Nortec has a 100% interest in the Tammela Lithium-Tin-Tantalum Project in south-west Finland; a 100% interest in the LK Palladium-Platinum-gold-Copper-Nickel Project (the combined Kaukua & Haukiaho Projects) in north-central Finland, a minimum 51% interest with an option to earn 100% interest in the TL Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an option to acquire 51% interest in the Ganarin Gold-Silver Property, Ecuador.
On behalf of the Board of Directors,
NORTEC MINERALS CORP.
“Ian F. Laurent”
Ian F. Laurent, President
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company’s control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
NORTEC MINERALS CORP. NORTEC MINERALS Oy NORTEC ECUADOR S.A.
TSX-V: NVT OTC PINK: NMNZF FSE: WMQ Nykäsenkankaantie 3B 8, Av. Florencia Astudillo y Alfonso Cordero Suite 875, Box 208, 555 Burrard Street 90650 Oulu, Finland Edif. Cámara de Industrias Vancouver BC V7X 1M8, Canada Phone: +358 40-169-5600 5to piso - oficina #503 Phone: +1 604-717-6426 Cuenca, Ecuador Fax: +1 604-683-9649 Phone : +593 7-288-1514