BE Resources Extends and Re-prices Warrants
TORONTO, ONTARIO--(Marketwired - Sep 4, 2013) - BE Resources Inc. (TSX VENTURE:BER) ("BE" or the "Company") has received conditional TSX Venture Exchange (the "Exchange") consent for the extension and re-pricing of share purchase warrants ("Warrants") issued pursuant to the Company's September 6, 2011 private placement, as follows:
| Number of Warrants: | 833,333 (adjusted for recent 6 for 1 consolidation) |
| Original Expiry Date of Warrants: | September 6, 2013 |
| New Expiry Date of Warrants: | September 6, 2014 |
| Original Exercise Price of Warrants: | $1.20 (adjusted for recent 6 for 1 consolidation) |
| New Exercise Price of Warrants: | $0.60 |
The Warrants were issued pursuant to a private placement of 10,000,000 common shares with 5,000,000 share purchase warrants attached, which was accepted for filing by the Exchange effective September 15, 2011.
The Exchange's final consent is conditional upon the issuance of this news release.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
BE Resources Inc.
Carmelo Marrelli
Chief Financial Officer
416-361-0737
carm@marrellisupport.ca
www.beresources.ca