Subject to TSX Venture Exchange approval, Solid Resources Ltd. (TSXV:SRW,OTCQX:SLDRF,FWB:YRS) proposed to extend the expiry date of 20,333,333 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in November, 2010.
As quoted in the press release:
The Warrants are exercisable for common shares of Solid at a price of $0.10 per share and will currently expire at 4:30 p.m., Calgary, Alberta time on May 17, 2012. The Company is proposing to extend the expiry date of the warrants by an additional six (6) months to 4:30 p.m., Calgary, Alberta time on November 17, 2012. All other terms and conditions of the warrants, including the exercise price, will remain the same. The proposed extension of the expiry is conditional upon the receipt of the exchange’s approval.