Cream Minerals Reduces Prices and Extends Warrants

Cream Minerals Ltd. (TSXV:CMA,OTCBB:CRMXF,FWB:DFL) announced a reduction on the exercise price on warrants issued in connection with a private placement conducted by the Company in December, 2010. The reduced exercise price is $0.10 and the period of the Warrants has been extended to December 20, 2013.

As quoted in the press release:

… holders of a total of 24,114,000 common share purchase warrants previously issued in connection with a private placement conducted by the Company in December, 2010 have been amended to reduce the exercise price to $0.10 and to extend the exercise period of the Warrants to December 20, 2013, provided that such exercise period will be reduced to 30 days in the event that for any ten consecutive trading days during the unexpired period the closing price of the Company’s shares on the Exchange exceeds $0.125.

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