Canadian Phoenix Announces Amendment to Warrant Terms

Canadian Phoenix Resources Corp. (TSX VENTURE:CXP) reported that the company has now re-priced and extended the expiry date of certain of its outstanding common share purchase warrants.

The press release is quoted as saying:

The Corporation has obtained the required Warrant holder approvals to amend the common share purchase warrant indenture dated March 17, 2008 between the Corporation and Computershare Trust Company of Canada (“Computershare”) (the “March Indenture”) and the common share purchase warrant indenture dated August 8, 2008 between the Corporation and Computershare (the “September Indenture”).

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