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Re: News Release - Friday, March 06, 2009
Cangold Amends Warrant Terms
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CANGOLD LIMITED (TSX-V: CLD, the "Company") is amending the terms of
the 2,962,500 non-transferable share purchase warrants (Series N)
issued on March 25, 2008.
Subject to TSX Venture Exchange approval, the exercise price of the
warrants will be changed from $0.25 to $0.10, and the expiry date of
the warrants will be extended from March 24, 2009 to March 24, 2010;
provided that the exercise period will be reduced to 30 calendar days
if, for any 10 consecutive trading days during the unexercised term of
the warrant (the "Premium Trading Days"), the closing price of the
common shares of the Company is at least $0.125. The reduced exercise
period of 30 days will begin 7 calendar days after the 10th Premium
Trading Day.
For further information please visit the Company's website at
www.cangold.ca or contact Don Mosher, at telephone 604 685 6465, fax
604 685 9744 or e-mail info@cangold.ca
ON BEHALF OF THE BOARD
Kaare G. Foy: Executive Chairman
CANGOLD LIMITED
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Copyright (c) 2009 CANGOLD LIMITED (CLD) All rights reserved. For
more information visit our website at http://www.cangold.ca/ or send
mailto:info@cangold.ca
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Cangold Limited
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PRODUCER |
CODE : CLD.V |
ISIN : CA1375881093 |
CUSIP : 137588109 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cangold is a gold exploration company based in Canada. Cangold holds various exploration projects in Canada and in Mexico. Its main asset in production is CASUMMIT-ARGOSY in Canada and its main exploration properties are ARGOSY and CASUMMIT LAKE in Canada and LOS VENADOS and PLOMO in Mexico. Cangold is listed in Canada. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.1 millions, € 1.0 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.01, and its highest recent level on December 17, 2010 at CA$ 0.75. Cangold has 46 740 000 shares outstanding. |