Mr. Stan Szary reports
SATURN MINERALS INC. RECEIVES $1,214,912 FROM EXERCISE OF WARRANTS
Saturn Minerals Inc. has received $1,214,912 in respect of 8,394,250 of its outstanding warrants having been exercised since its Dec. 31, 2010, financial year-end date. The warrants were in relation to several outstanding issuances.
Number of warrants Expiry date Proceeds 65,000 Jan. 13, 2011 $3,2501,000,000 Jan. 13, 2011 $100,0004,155,500 June 4, 2011 $635,600720,000 Oct. 2, 2011 $108,0002,453,750 May 20, 2011* $368,062 (*) Original exercise date was accelerated from June 2, 2012.
With respect to the exercise of the warrants outlined in a table and pursuant to the issuance of warrants in relation to private placements completed since the company's year-end, the company currently has 8,384,125 warrants outstanding.
The company also announces that Murray McClaren has resigned as a director of the company.