VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 21, 2013) - Waymar Resources Ltd. (TSX VENTURE:WYM) (the "Company" or "Waymar") announces that it has received the TSX Venture Exchange (the "TSXV") and warrant holder approval to amend the exercise price of each of its 4,581,250 outstanding Series 2010-I warrants (the "Warrants") from $0.55 to $0.25 per share.
The Warrants are exercisable until 5:00 p.m. (Vancouver time) on June 29, 2014. The amendment to the exercise price provides that if the closing price of the common shares of Waymar on the TSXV is equal to or higher than $0.31 per share for any 10 consecutive trading days during the unexpired term of the Warrants (the "Premium Trading Days"), the exercise period for the Warrants is to be amended by reducing the exercise period to 30 days. The reduced exercise period of 30 days will begin 7 calendar days after the tenth Premium Trading Day. The Warrants are subject to a four month hold period expiring February 19, 2014.
About Waymar Resources Ltd.
Waymar Resources Ltd. is a Canadian mineral exploration company that has acquired a 100% interest in the Anzá project located in the west of the Antioquia Department in the Republic of Colombia. Waymar also has 100% ownership of certain properties surrounding Anzá that cover the district's mineral potential and is continually seeking opportunities to acquire exploration properties. Colombia is a significant producer of gold, nickel, emeralds, petroleum and natural gas as well as a leading producer of coal in Latin America.
WAYMAR RESOURCES LTD.
Pablo Marcet, 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 OR ACCURACY OF THIS RELEASE.
This press release may contain "forward looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, intentions, analysis and opinions of Waymar made at the date that such statements are made. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Waymar to be materially different from those expressed or implied by such forward-looking information, and as otherwise disclosed elsewhere in Waymar's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Waymar's plans and objectives and may not be appropriate for other purposes. Waymar does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Shares Outstanding: 49,245,170