SIERRA IRON ORE CORPORATION ("NAA")
BULLETIN TYPE: Warrant Term Extension
BULLETIN DATE: July 31, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has consented to the extension in the expiry date of the following warrants:
# of Warrants: 1,892,471
Original Expiry Date of Warrants: August 1, 2014
New Expiry Date of Warrants: February 1, 2015
Exercise Price of Warrants: $0.40
Forced Exercise Provision: If the closing price for the Company's shares is $0.50 or greater for a period of 10 consecutive trading days, then the warrant holders will have 30 days to exercise their warrants; which begins 7 calendar days after the tenth trading day.
These warrants were issued pursuant to a private placement of a total of 3,784,941 shares with 1,892,471 share purchase warrants attached, which was accepted for filing by the Exchange in two tranches on
June 17, 2011 and September 16, 2011. The exercise price was subsequently amended on June 14, 2013 and the term extended on August 19, 2013.
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