Calico Resources Corp. (TSXV:CKB,OTCQX:CVXHF) proposes to amend the exercise prices of certain share purchase warrants by reducing the exercise price to $0.12 per share.

As quoted in the press release:

• Warrants to purchase up to 1,312,500 common shares , issued in connection with a non-brokered private placement completed June 8, 2011, with an exercise price of $0.60 per share, exercisable until June 8, 2013;
• Warrants to purchase up to 1,500,000 common shares issued in connection with a non-brokered private placement completed September 26, 2011, with an exercise price of $0.60 per share, exercisable until September 26, 2013;
• Warrants to purchase up to 2,827,500 common shares, issued in connection with a brokered private placement completed April 26, 2012, with an exercise price of $0.50 per share, exercisable until April 25, 2014; and
• Warrants to purchase up to 1,660,500 common shares, issued in connection with a non-brokered private placement completed October 12, 2012, with an exercise price of $0.40 per share, exercisable until October 12, 2014.

Click here to read the Calico Resources Corp. (TSXV:CKB,OTCQX:CVXHF) press release
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