Niblack Mineral Development Inc.

Published : May 06th, 2010

Amends Warrant Terms

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Niblack Mineral Development Inc.

May 6, 2010

Niblack Mineral Development Inc. Amends Warrant Terms

Niblack Mineral Development Inc. (NIB:TSXV) (�Niblack�) is pleased to announce that the TSX Venture Exchange (the �Exchange�) has consented to a reduction of the exercise price of certain of Niblack�s outstanding share purchase warrants (�Warrants�) issued as part of the private placement which closed on December 11, 2009. Warrants to acquire an aggregate of 3,933,700 common shares of Niblack (�Common Shares�) currently exercisable at a price of $0.65 per Common Share, will be re-priced such that they are exercisable at $0.45 per Common Share.

In connection with the re-pricing, the Exchange has required that the forced exercise provision of the Warrants also be amended. The Warrants will now expire on December 11, 2014, unless the closing price of the Common Shares on the Exchange is greater than $0.5625 for a period of 10 consecutive trading days (the �Premium Trading Days�), whereupon the Warrants will expire if not exercised within 30 days following 7 calendar day after the 10th Premium Trading Day. No notice by Niblack is required to trigger the forced exercise.

An aggregate of 179,140 Warrants held by Insiders of Niblack will not be repriced and will not be subject to the amended forced exercise provision.

About Niblack Mineral Developments Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company whose principal asset is the Niblack advanced stage copper-gold-zinc-silver project in southeast Alaska. This project is held by Niblack Mineral Development Inc. (formerly CBR Gold Corp) and joint venture partner Heatherdale Resources Limited, a Hunter Dickinson company with the right to earn a 70% interest in the project. The property comprises a NI 43-101 compliant resource and contiguous land package comprising 3,300 acres with excellent potential to expand the current resource base.

Niblack Mineral Developments Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board Niblack Mineral Developments Inc. /s/�John Williamson� President, CEO & Director

EDMONTON CORPORATE OFFICE:

SUITE 220-9797 45TH AVENUE | EDMONTON | AB | T6E 5V8
PHONE: 780-437-6624 | FAX: 780-439-7308

VANCOUVER OFFICE:

SUITE 1440-625 HOWE STREET | VANCOUVER | BC | V6C 2T6
PHONE: 604-646-4524 | FAX: 604-646-4526
WWW.NIBLACK.COM

For further information about Niblack Mineral Developments Inc. or this news release, please contact:
Brian Budd
Director of Corp. Development
Email: @niblack.
Tel. 604-646-4525 or toll-free 1-888-331-2269
Website: .niblack.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

 

Niblack Mineral Development Inc.

PRODUCER
CODE : NIB.V
ISIN : CA65365X1096
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Niblack Mineral is a zinc and gold producing company based in Canada.

Niblack Mineral holds various exploration projects in Australia and in Canada.

Its main assets in production are 3 BLUFFS in Canada and JAURDI HILLS in Australia and its main exploration properties are BORDEN and NIBLACK in Canada and JAURDI HILLS (BLACK CAT) in Australia.

Niblack Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 15.5 millions as of today (US$ 15.5 millions, € 11.6 millions).

Its stock quote reached its highest recent level on January 23, 2004 at CA$ 9.95, and its lowest recent point on December 23, 2011 at CA$ 0.16.

Niblack Mineral has 35 977 000 shares outstanding.

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Annual reports of Niblack Mineral Development Inc.
2008 Annual Report
Financings of Niblack Mineral Development Inc.
1/4/2012Announces Private Placement
Project news of Niblack Mineral Development Inc.
1/12/2012Announces Security holder Approval for Arrangement with Heat...
12/1/2011(Niblack)Supports As Heatherdale Explores Niblack Project Partnership...
8/31/2011(Niblack)Joint Venture Partner Completes Requirments To Secure 60% In...
8/22/2011Joint Venture Receives Priority Permitting Approval From US ...
3/16/2011(Niblack)Larger Niblack Mine Estimates Released
7/13/2010(Niblack)Expands Precious Metals-Enriched VMS Deposit
5/6/2008(Commitee Bay)Exploration Program Set for 2008 Committee Bay Greenstone Be...
4/30/2008(Coolgardie)Concludes Sale of Coolgardie Gold Project for Total Consider...
4/15/2008(Coolgardie)Focus Minerals Shareholders Approve Acquisition of Committee...
3/13/2008(Commitee Bay)Significant Resource Upgrade for Three Bluffs Deposit Commit...
2/19/2008(Coolgardie)Further Resource Upgrade For High-Grade Perseverance Gold De...
1/30/2008(Redemption)Enters Exclusivity Agreement Redemption Joint Venture Proje...
12/20/2007(Redemption)Perseverance Feasibility Study Yields Positive Result Base C...
12/12/2007Further High Grade Drill Results from Perseverance Deposit
10/31/2007(Commitee Bay)Final 2007 Three Bluffs Drilling Results: 9.29 g/t Au over 8...
10/9/2007Upgraded Resource Within the "Tindals Gold Mining Centre"
9/13/2007(3 Bluffs)Three Bluffs Drilling Continues to Expand Resource Potential
9/5/2007New High Grade Intersections Increase Size Potential of Inuk...
Corporate news of Niblack Mineral Development Inc.
1/19/2012Announces Acquisition by Heatherdale Resources Ltd.
12/16/2011Mails Information Circular
11/29/2011(Niblack)Joint Venture Announces 31% Increase To Total Mineral Resour...
10/26/2011(Niblack)Definitive Agreement Reached between Niblack and Heatherdale
7/28/2011(Niblack)Drilling Continues To Intersect & Expand Mineralization At N...
3/7/2011Announces 54% Increase to Mineral Resources
5/6/2010Amends Warrant Terms
7/30/2008Acquire Key Areas on Borden Project Airborne Magnetics Surve...
6/20/20082008 Committee Bay Exploration Program Initiated
2/6/2008 Will Be Exhibiting at the 2008 Phoenix Resource Investment ...
11/6/2007 Present at the 2007 Money Talks Conference
11/5/20072007 President'sLetter and Corporate Update
10/18/2007 to present at Toronto and New Orleans Investment Conference...
9/14/2007Drill Program Extended at Three Bluffs Deposit
9/6/2007Three Bluffs Drilling Delivers Outstanding Intercepts 19.44 ...
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Explores for Copper - Diamonds - Gold - Lead - Silver - Zinc
 
 
 
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