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CSG: TSX-V
VANCOUVER, March 1, 2013 /CNW/ - Cosigo Resources Ltd.
(TSX-V: CSG) (the "Company", "Cosigo") announces that it has made
an application to the TSX Venture Exchange (the "Exchange") to
extend the term and amend the exercise price of certain common
share purchase warrants of the Company (the "Warrants").
The Company is applying to the Exchange to amend
the Warrants as follows:
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to extend the expiry date of 1,008,366 warrants (the "Financing
Warrants") that were issued to subscribers in connection with a
non-brokered private placement of units that closed on September
21, 2011 by an additional two years from September 21, 2013 to
September 21, 2015. The exercise price of the Financing
Warrants will be US$1.00 for the period commencing on September 22,
2013 and ending on September 21, 2014 and US$1.25 thereafter.
Each Financing Warrant entitles the holder thereof to acquire an
additional common share of the Company; |
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to extend the expiry date of 16,448,600 warrants (the "RTO
Warrants") that were issued to warrantholders in connection with
the reverse take-over (the "RTO") of Cosigo by Horseshoe Gold
Mining Inc. that closed on April 21, 2011 by an additional two
years from April 26, 2013 to April 26, 2015. The exercise
price of the RTO Warrants will be $1.00 for the period commencing
on April 27, 2013 and ending on April 26, 2014 and $1.25
thereafter. Each RTO Warrant entitles the holder thereof to
acquire an additional common share of the Company; and |
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(iii) |
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to extend the expiry date of 7,078,606 warrants (the
"Concurrent Financing Warrants") that were issued to subscribers in
connection with a non-brokered private placement of units that
closed on April 26, 2011 in connection with the RTO by an
additional two years from April 26, 2014 to April 26, 2016. The
exercise price of the Concurrent Financing Warrants will be $1.25
for the period commencing on April 27, 2014 and ending on April 26,
2015 and $1.50 thereafter. Each Concurrent Financing Warrant
entitles the holder thereof to acquire an additional common share
of the Company. |
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All other terms and conditions of the Warrants,
including certain acceleration provisions, remain unchanged.
The warrant amendments remain subject to the approval of the
Exchange.
COSIGO EMPLOYEE SHARE PURCHASE PLAN
Cosigo announces that, pursuant to the terms and
conditions of the Company's Employee Share Purchase Plan, it has
issued a total of 41,360 common shares of the Company, at a price
of $0.145, to a company controlled by
a director. The Employee Share Purchase Plan was approved by
shareholders at the special general meeting held on March 30, 2011.
About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a
Vancouver-based company exploring
for gold deposits in Colombia and
Brazil. Cosigo has assembled a
strong team, well experienced in South
America and in the exploration and mining-finance
industries. The Company's flagship project is its 100% owned
Machado Project in the Taraira Gold Belt of southeastern
Colombia where geological mapping
and geochemical sampling have identified potentially gold-bearing
strata over a strike-length of more than 20 km. Cosigo's ongoing
work on the 9,973 hectare Machado Project is the first modern
exploration program in an area known to have hosted more than 100
historic gold mining operations.
On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/"Dennis Milburn"
President & CEO
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 of this release.
SOURCE Cosigo Resources Ltd.