Gold Reach Extends Warrants
NEWS RELEASE
Gold Reach Extends Warrants
June 7, 2013: Gold Reach Resources Ltd. (the “Company”) is announcing that given current market conditions, it will be extending the expiry date of 2,027,400 Warrants previously issued pursuant to a private placement that closed on July 14, 2011.
The expiry date for the 2,027,400 Warrants will be extended from July 14, 2013 to October 17, 2013. The original exercise price of $0.90 per share remains the same. Each warrant is subject to accelerated expiry provisions such that if at any time after the original expiry date of July 14, 2013 the Company’s common shares trade on the TSX Venture Exchange at or above a weighted average trading price of $2.00 per share for 10 consecutive trading days, the Company may give notice to the holders that each Warrant will expire 30 days from the date of providing such notice.
The above transaction is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson Chairman
For Further information, please contact:
Telephone: 604-718-5454 Toll Free: 888-500-4587
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.
Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.” The Company undertakes no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should change.