Medallion Resources Applies for Amendement to Warrant Terms

Medallion Resources Ltd. (TSXV:MDL,OTCQX:MLLOF) has applied for an amendment to the terms of an aggregate of 4,499,993 common share purchase warrants issued pursuant to a non-brokered private placement, to the TSX Venture Exchange.

As quoted in the press release:

The Warrants originally issued are exercisable into common shares in the capital of the Company at an exercise price of $0.40 per common share, with 1,958,331 of the Warrants expiring on October 25, 2013 and 2,541,662 Warrants expiring on November 9, 2013. These Warrants will be amended by extending the expiry date of the Warrants to May 30, 2014. No Warrants issued under the Private Placement have been exercised to date. The amendment to the terms of the Warrants is subject to Exchange approval.

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