Big Sky Petroleum Amends Warrant Terms

Big Sky Petroleum Corporation (TSXV:BSP) is amending the terms of certain warrants which would otherwise expire on October 25, 2013.

As quoted in the press release:

1,560,000 warrants granted on April 25, 2011 with the original expiry date of October 25, 2012 which was extended to October 25, 2013 after getting the Exchange’s approval on October 2, 2012 and exercise price of $0.45, are now extended to expire on October 25, 2015, with each warrant entitling the holder to purchase one common share of the Company at $0.25 per share. Pursuant to section 4.3(b) of TSX Venture Exchange Policy 4.1, the warrants will have an accelerated term and will expire within 30 days if the closing price exceeds $0.3125 for ten trading days.

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