VANCOUVER, BC / CRWEPRESSRELEASE / September 11, 2015 /Discovery Harbour Resources Corp. (CVE:DHR) (“Discovery” or the “Company”) today announces that it has closed on the extension of 11,000,000 warrants (each, a “Warrant“) issued in connection with the Company’s private placement that closed in September 2013. In consideration of the extension, the warrant holders paid to the Company an extension fee of $0.01 per warrant. The Warrants were exercisable until September 10, 2015, and the expiry date has been extended to December 31, 2016. All other terms of the Warrants, including the exercise price of $0.20, remain the same.
Of the warrants issued, 10,000,000 Warrants are held by Richard Gilliam, a holder of more than 20% of the outstanding common shares of the Company, and 1,000,000 Warrants are held by Westwood Tall Oaks LLC, a trust over which Mr. Gilliam has control and direction. The holders of the remaining 1,217,000 Warrants issued in connection with the September 2013 private placement chose not to extend their warrants by paying the extension fee.
For further information, contact Kieran Magee by telephone (778) 945-2958 or by email firstname.lastname@example.org
ON BEHALF OF THE BOARD OFDISCOVERY HARBOUR RESOURCES CORP.
“Frank D. (Bruno) Hegner”
F. D. Hegner
President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Discovery Harbour Resources Corp.