VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2013) - Northern Vertex Mining Corp. (the "Company") (TSX VENTURE:NEE) announces that it has, subject to regulatory approval, amended the expiry date of an aggregate total of 1,321,500 unexercised share purchase warrants.
Pursuant to the non-brokered unit private placement announced on March 2, 2011, a total of 1,571,500 warrants were issued on April 5, 2011 expiring on April 4, 2013. A total of 1,321,500 warrants remain outstanding and subject to Exchange approval, the original expiry date of the warrants will be extended for an additional six months, to October 4, 2013, with the exercise price per warrant remaining unchanged at $1.15. In all other respects, the terms of the warrants will remain unchanged and in full force and effect, including that the expiry date of the warrants can be accelerated to 21 days following the date on which the Company gives notice to the holders of the warrants that its common shares have closed for 20 consecutive trading days at a price of $1.50 or greater.
About Northern Vertex: Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA. The Company has an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Moss Mine Gold-Silver Project is a potential heap leach, open pit project being advanced under a three phase business plan, specifically designed to ensure that technical, economic, permitting and funding requirements are met prior to each phase proceeding. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.
ON BEHALF OF THE BOARD OF DIRECTORS
J.R.H. (Dick) Whittington, President & CEO
Cautionary Note About Forward-Looking Information
This news release contains statements about our future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements including but are not limited to comments regarding the timing and content of upcoming work and analyses. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this news release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.
Cautionary Note to U.S. Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such Statements.
2013 number 08
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.
Northern Vertex Mining Corp.
604-601-3656 or 1-855-633-8798