12,794,000 common share at 1.00 ZENYATTA VENTURES LTD. ANNOUNCES APPLICATION TO EXTEND WARRANTS
Zenyatta Ventures Ltd. has applied to the TSX Venture Exchange to extend the terms of 12,794,000 common share purchase warrants issued or reserved for issuance prior to the company's initial public offering in December, 2010. Each warrant entitles the holder to acquire one share for $1 expiring on Dec. 23, 2012. Pursuant to the proposed amendment, the warrants will be extended for a period of six months and will expire on June 23, 2013. The extension was requested based on an initial delay in starting the company's exploration program after the IPO and is subject to regulatory approval.
We seek Safe Harbor.