California Nanotechnologies Applies for Extension to Term of Warrants
03 Octobre 2017 - 10:35PM
California Nanotechnologies Corp.
(TSX-V:CNO) (OTCQB:CANOF) (the "Company") announces that
it has made application to the TSX Venture Exchange (the
"Exchange") to extend the term of 2,645,148 common share purchase
warrants (the "Warrants") that were issued under the Company's
private placement of units completed on April 8, 2014. The
Warrants that are the subject of the application have an exercise
price of $0.225 per common share and were originally set to expire
on April 8, 2015. The Company previously extended the term of the
Warrants to expire on October 8, 2015, subsequently extended the
term to October 8, 2016 and finally to October 8, 2017.
Insiders of the Company hold approximately 56% of these
Warrants. The Company has now applied for consent to further
extend the term of the Warrants from 42 months to 48 months from
the date of original issuance of the Warrants in accordance with
Exchange policies. The warrants will now expire on April 8, 2018.
For further information, please
contact: David Grant, Interim CEOT: (562) 404-8510
or (800) 577-6664C: (714) 757-8863E:
d.grant@omni-lite.comW: www.calnanocorp.com
Except for historical information contained
herein this document contains forward-looking statements. These
statements contain known and unknown risk and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
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