CHALICE DIAMOND CORP. ("COD")
BULLETIN TYPE: Warrant Price Amendment and Warrant Term Extension
BULLETIN DATE: June 2, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the reduction in the exercise price and term extension of the following warrants:
Private Placement:
# of Warrants: 14,675,860
Original Expiry Date of Warrants: June 23, 2010
New Expiry Date of Warrants: December 23, 2011
Forced Exercise Provision: If during June 24, 2010 to December 23, 2010, the closing price for the Company's shares is $0.125 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day; if during December 24, 2010 to June 23, 2011, the closing price for the Company's shares is $0.1875 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day; If during June 24, 2011 to December 23, 2011, the closing price for the Company's shares is $0.25 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; otherwise the warrants will expire on the 31st day.
Original Exercise Price of Warrants: $0.20
New Exercise Price of Warrants: $0.10 (from June 24, 2010 to December 23, 2010)
$0.15 (from December 24, 2010 to June 23, 2011)
$0.20 (from June 24, 2011 to December 23, 2011)
These warrants were issued pursuant to a private placement of 14,675,860 shares with 14,675,860 share purchase warrants attached, which was accepted for filing by the Exchange effective June 24, 2008.
TSX-X
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