Arianne Phosphate Extends The Term of Warrants

Arianne Phosphate (TSXV:DAN) has announced subject to regulatory approval the extension of 1,184,500 common share purchase warrants, issued as part of a private placement that closed October 16, 2014 for gross proceeds totaling $2,369,00.
As quoted in the press release:

Each of the Warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne (a “Common Share”) at an exercise price of $1.25 per Common Share until October 15, 2016. Arianne has elected to extend the expiry date of the Warrants to October 15, 2017. No other Warrant terms are amended.
Arianne will deliver a notice of extension to the registered holders of the Warrants.

Click here to read the full press release.