Sulliden Announces Accelerated Expiry of Warrants for Possible Proceeds of Over $22 Million

Sulliden Gold Corporation Ltd. (TSX:SUE) will be issuing notice of accelerated expiry to the holders of approximately 22,175,299 share purchase warrants of the Company.

The press release is quoted as saying:

Pursuant to the terms of a warrant indenture governing the Warrants, the expiry of the Warrants may be accelerated at any time prior to the expiry of the Warrants if the daily volume weighted average trading price of the Common Shares on the Toronto Stock Exchange (the “TSX”) was in excess of $1.50 for the twentieth consecutive trading day, at which time the Company may give notice to the Warrant holders that the Warrants will expire on the 30th day following receipt of the notice.

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