RE: Extend WarrantsUsually looked as positive news if they plan on them being exercised
North American Gem extends 2007 warrants to 2012
2009-12-16 17:47 ET - News Release
Mr. Charles Desjardins reports
NORTH AMERICAN GEM INC. TO EXTEND WARRANTS
North American Gem Inc., subject to TSX Venture Exchange approval, will extend the expiry date of 759,775 common share purchase warrants outstanding in connection with a $1,007,000 non-brokered private placement financing that closed Dec. 27, 2007, as noted below.
The amended terms of the outstanding warrants will allow the holders of the warrants to exercise them at a price of 15 cents until Dec. 27, 2012.
We seek Safe Harbor.