Latin American Minerals Extends the Exercise Period for Warrants for A Second Six-Month Term
TORONTO, ONTARIO–(Marketwire – March 10, 2013) – Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the “Company“) announces that it has received approval from the TSX Venture Exchange (the “Exchange”) for a second six-month extension for the 4,983,000 outstanding share purchase warrants (the “September Warrants”) issued pursuant to the Corporation’s private placement at a price of $0.15 per unit completed on September 10, 2010, and the 4,700,000 outstanding share purchase warrants (the “October Warrants”) issued pursuant to the Corporation’s private placement at a price of $0.15 per unit completed on October 5, 2009.
Each September Warrant is exercisable for one Common Share at an exercise price of $0.20 per Common Share and each October Warrant is exercisable for one Common Share at an exercise price of $0.30 per Common Share. The September Warrants were due to expire on March 10, 2013 and the October Warrants were due to expire on April 5, 2013.
Following this new extension, the extended expiry date for the September Warrants is September 10, 2013 and the extended expiry date for the October Warrants is October 5, 2013.